Charitable giving has often played a role in estate planning, but current trends are changing how people approach their donations. Individuals want to maximize the impact of their gifts while also considering tax benefits. Here are some of the latest trends in...
Tennessee law allows will contests on specific grounds, such as undue influence, lack of capacity, or fraud. When someone challenges a will in Tennessee, the executor has several responsibilities to ensure that the probate process continues as smoothly as possible. A...
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...
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...
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...
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...
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...
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....
