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...
Estate Planning
Revisiting your estate plan amid divorce
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...
What is an executor’s role?
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...
How can you pick a good care facility?
Choosing a good care facility is important, and it is not a part of the estate planning process that you should overlook. How do you pick a good care facility, though? How do you know what red flags to avoid? Researching facilities in advance The National Institute on...
Do you need an estate plan if you do not have kids?
When you die without having an estate plan, you relinquish control over what happens to the assets and legacy you worked so hard to get. Many people in Tennessee mistakenly believe that they do not need estate plans because they do not have any children. Yet, there...
What 3 elements does a simple estate plan need?
Many people in Tennessee put off creating estate plans until it is too late. Yet, neglecting to create an estate may cost your loved ones time and money and cause them unnecessary hardship. Contrary to popular belief, estate plans do not have to be difficult to create...
When should you begin Medicaid planning?
You have a right to be proud of your work ethic. After all, getting up and going to work every day has allowed you to become financially stable. Even if you are not particularly wealthy, you should be able to enjoy the fruits of your labor during your retirement....
Medicaid and estate recovery
There are a variety of factors that you need to take into consideration when creating an estate plan, and the smartest approach to estate planning depends on your unique circumstances. There are various types of estate plans, and you should carefully go over your...
What should you look for when choosing an executor?
When it comes to estate planning, selecting an executor is one of the most important things you will do. This person is responsible for carrying out numerous duties, from locating assets to paying creditors. They will also handle dispersing assets to your heirs in the...
Handling digital assets in your estate plan
A growing number of residents of Tennessee and the rest of the nation now own digital assets, and for some, these assets hold quite a bit of value. If you count yourself among them, you may want to give some thought to how you might incorporate them into your estate...