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...
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...
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....
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...
You probably enjoy planning vacations, your shopping endeavors and meals, but you probably do not want to think about what happens after you die. It is not as fun as other forms of planning, but it is the only way to think about where all of the assets you worked hard...
Estate planning might not seem like a big deal if you do not see an immediate need, but waiting too long to start something could have costly repercussions. According to U.S. News, a staggering 56% of Americans do not have an estate plan. Proactive planning can help...
When arranging your estate plan, it may seem easy to focus more on the inheritance aspects versus the end-of-life aspects. However, declaring your wishes in advance in writing and communicating with your family ahead of time about your funeral preferences may save...
Having a Tennessee estate plan in place may go a long way as far as giving you peace of mind, but certain life events may merit you taking another look at your plan as it stands. Some people choose to revisit their estate plans at regular intervals, like every year or...
You have a lot on your plate already when you navigate a Tennessee divorce, and with everything you have going on, estate planning may take a backseat. However, there are several key reasons you may want to review and update your estate plan when you split from your...
Executors often have the hardest job when it comes to an estate plan. This is why it is so crucial for you to pick one who actually has what it takes to accomplish the necessary duties. But what are those duties, exactly? Just what does an executor do? What tasks do...
