The last thing you want to do for your family is to make things more difficult when you die. When creating an estate plan, you may want to consider lessening the time your will spends in probate court. Probate court is the process through which your will travels. The...
Estate Planning
An overview of the estate planning process
If you are thinking about setting up an estate plan, or you need to make changes to your existing plan, it is very important to understand the options on the table. Some people lack familiarity with the estate planning process and by going over the ins and outs of...
Will your estate be subject to tax?
You work for your entire life looking to accumulate assets to one day pass on to those you love. The thought of any portion of those assets going to settle expenses and liabilities is thus disheartening. Estate planning experts may offer advice on how to avoid probate...
How wills and irrevocable trusts differ
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...
Estate planning for veterans involves special considerations
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...
What is the right way to give assets while alive?
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...
Important information about helping your parents with estate planning
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...
How can you keep your pet safe through the probate process?
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...
Why is advance nursing home planning so important?
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...
What expenses may special needs trusts cover?
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...