When it comes to your estate plan, do you know which documents are the most crucial? You may have heard about powers of attorney, but the documents mean little to you if you do not understand what it means. According to AARP, every person should have a power of...
It is never easy to face the prospect of one's own mortality. On top of that, one might reasonably be reticent about the prospect of offending certain family members or friends with their decisions regarding the dispersals of their estates. For this reason, some in...
When you die in Tennessee without an estate plan, you may leave many things to chance. Having an estate plan allows you to have a say in where your assets go and what happens to you medically if you become unable to make these decisions in the future. Also, contrary...
An outdated estate plan may retain control of testators' legacies even if they made informal changes elsewhere. Because many courts reference legal documents to close an estate, it is critical for people to keep their plans updated. Significant life changes may impact...
While many people view drafting a comprehensive estate plan as something of a chore, it is better to approach it as the type of exercise it is – a way to prevent unnecessary confusion in the future. People write their wills to clearly specify the distribution of their...
As a beneficiary, you may find it confusing as to what your actual role in the estate plan might be. To that end, it is important to understand what an estate plan expects of you and how you interact with the trust and trustee. Some mistakenly believe a beneficiary...
The last thing you want to do for your family is to make things more difficult when you die. When creating an estate plan, you may want to consider lessening the time your will spends in probate court. Probate court is the process through which your will travels. The...
If you are thinking about setting up an estate plan, or you need to make changes to your existing plan, it is very important to understand the options on the table. Some people lack familiarity with the estate planning process and by going over the ins and outs of...
You work for your entire life looking to accumulate assets to one day pass on to those you love. The thought of any portion of those assets going to settle expenses and liabilities is thus disheartening. Estate planning experts may offer advice on how to avoid probate...
Different estate planning methods allow you to accomplish a variety of objectives, and two common estate planning tools include the will and the irrevocable trust. When working on your Tennessee estate plan, it may benefit you if you understand how wills and...
