Disabled veterans face unique challenges when planning their estates. Understanding these factors is crucial to creating a comprehensive and effective estate plan. Protecting VA benefits Disabled veterans receive various benefits, such as disability compensation and...
Estate Planning
Three compelling reasons to update your estate plan
Estate plans are critical in every person's life, but they are not a one-and-done deal, where you create it and leave it alone forever. An estate plan is something that evolves, changes and grows with you. Not only does an estate plan help you manage your assets, but...
Three estate planning changes after divorce
When you are going through a divorce, it is natural to feel overwhelmed by the emotional and logistical challenges that come with it. During this time, updating legal documents might not be at the top of your mind. However, neglecting to revise your estate plan can...
Create a legacy with charitable trusts
Some people have a cause they feel passionate about and want to share their wealth with their favorite cultural or social organization. By establishing a charitable trust, you may accomplish charitable giving while also providing for your family. Trusts used for...
Understanding undue influence in estate planning
Estate planning involves making decisions about what happens to your assets, like money, property and belongings, when you are no longer here. It is an opportunity to consider how you want your possessions distributed among your loved ones, and you should draft your...
Should you name a backup executor?
When crafting your last will and testament, one particularly important decision you will make is the selection of an executor. This is the person responsible for ensuring the fulfillment of your final wishes as they pertain to your estate. However, it is entirely...
What to look for when choosing an executor
When creating your will, one of the most important decisions you will face is selecting an executor. The executor plays a pivotal role in managing your estate, so you must choose someone who is up to the task. Keeping in mind a few key characteristics can help you...
When should you update your will?
Creating a will is an important step in ensuring others honor your wishes after you pass away. However, you need to remember that your will is not a one-and-done document. Life is constantly changing, and your will should evolve with it. There are several life events...
Do beneficiaries pay estate tax in Tennessee?
Tax reduction is a common estate planning goal. You could have concerns about how federal and state estate tax will affect the value of the assets in your will. While Tennessee does not have a state estate tax, your beneficiaries may have other tax considerations....
How can you respectfully discuss estate planning with parents?
Discussing estate planning with your parents may not be the most comfortable conversation, but it is an important one. Approaching this topic respectfully is one way to make your parents' wishes clear for years to come. It is important to know how to navigate this...