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...
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Estate Planning
Why divorcing spouses might disagree on the worth of their house
In a divorce, valuing assets can be tricky. This can particularly be true when it comes to divorcing spouses determining the value of their marital home. In Tennessee, this challenge can lead to heated disagreements and prolonged negotiations. Differing perspectives...
Does a car go through probate in Tennessee?
When people pass away in Tennessee, their estates typically go through probate. Probate is a court-supervised procedure. It helps with the settlement of debts and distribution of assets per the law. One common question that arises is whether a car is subject to...
How is pet custody determined during a divorce?
Divorce is a challenging process, and when it comes to separating a family, one often overlooked aspect is the fate of a furry companion. According to the American Pet Products Association, 66% of households in the U.S. own a family pet. The question of who gets pet...
How to know if divorce is the right choice
According to Statista, there were 3.3 divorces per 1,000 Tennessee residents in 2021. Deciding whether to end a marriage is one of the most challenging decisions you might ever face. It involves deep introspection and a thorough evaluation of your relationship and...
What are some myths about probate?
Probate is a legal process that takes place after someone dies. It involves the administration of the deceased person's estate, which includes their assets, debts and distribution of property to heirs or beneficiaries. Probate often stands as an intimidating term,...
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...
How does probate work in Tennessee?
If someone passes away in Tennessee, their estate goes through a legal process known as probate. Probate involves validating the deceased person's will, if there is one, and distributing their assets according to the law. Understanding probate is an important part of...
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....