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...
Realistically, most people eventually need long-term nursing care. Without careful planning, however, it can be difficult to qualify for nursing home care through Medicaid. Review the reasons that you and your family should discuss the eventual need for inpatient...
Supplemental Security Income, Medicaid and other needs-based government programs provide a safety net for disabled individuals. While these programs often cover basic living expenses and medical care, they do not typically leave much money for other expenses. If you...
Estate planning is easy to delay or forego altogether. In fact, about half of Americans over the age of 55 do not have even a simple will. If your aging parent is among that group, you may be looking for ways to encourage estate planning. Having a comprehensive...
A strong estate plan should express your wishes clearly to your family and estate administrators. This not only protects your own interests but it also helps to spare your loved ones any unnecessary conflict or aggravation while they are already dealing with a...
You likely know you should prepare an estate plan, but you may not have done it yet. According to a survey from Caring.com, only 4 out of every 10 adults in the U.S. have a living trust or a will. Planning your estate can help you protect your desires for end-of-life...
