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...
Creating an estate plan is an important step regardless of the size of your estate, but if you live in Tennessee and are also a current or former member of the U.S. Armed Forces, creating an estate plan may prove especially worthwhile. Estate planning gives you a...
While you want to handle your estate the right way, you also want to minimize costs for yourself and your heirs and beneficiaries. What is a strategic way to give away your assets as gifts? Kiplinger offers insights for navigating gift-giving for various estate...
As your parents get older, you want to do everything possible to make sure that they continue to enjoy a great quality of life. Getting older can be anxiety provoking seniors because of uncertainty about how life will change. Children of seniors can help their parents...
During probate, the validity of your last will and testament must be proven in a court of law, and the selected executor of your will helps to administer this process, ideally with your family's best interests in mind. You may have included your pet in your will, but...
