As a business owner, you make decisions every day to protect your family and your future. But one important document often gets overlooked: your will. If it has been a few years since you last reviewed it, your will might not match your current situation. When a will...
Wills, Estates & Probate
Guardianships vs. conservatorships: What’s the difference?
Tennessee law generally allows you to make your own decisions. However, there are times that the law must step in if it is determined that you cannot make certain decisions for yourself without putting your health or safety in danger. Additionally, if you have minor...
3 reasons to review and update a will
In theory, a will remains in effect indefinitely after its creation. Testators who create wills can feel confident about retaining control over their legacy and providing support for their loved ones. While the document might retain its legal validity, there are many...
Estate planning and the future of AI integration
What seemed futuristic in sci-fi movies and books only a few decades ago is nearing reality when it comes to certain technologies and advancements. While progress and advancements provide many benefits and positives to society, when it comes to Artificial Intelligence...
How to avoid estate challenges based on lack of mental capacity
A lot of the focus in your estate planning will be centered on the distribution of your assets. While you might have an idea of how you want your distribution scheme to play out, things don’t always go according to plan. In fact, in some instances, disgruntled family...
When is it time to review and update your estate plan?
Most Tennessee residents will affirm that the estate planning process is not enjoyable. Not many want to think about their death and all the potential future events, most of them upsetting or tragic. This might be why some avoid the process until later in life....
Estate planning is for everyone
Our readers in Tennessee may know that they need an estate plan, but they may not know where to start. From complex asset management to so-called simple wills, estate planning is for everyone. Estate planning basics As a recent news article on this topic noted, estate...
Addressing tax issues during the estate administration process
You are probably familiar with the basic idea behind estate administration or probate that must be completed after someone passes away. The executor, or person in charge of administering the estate, collects the assets and distributes them to heirs. But one issue that...
Choosing an executor for your estate
Choosing an executor for your estate is an important step in the estate planning process. An executor is someone who oversees the management of your estate after you pass away. This generally involves making sure any remaining debts and taxes are paid and then...
Can my life insurance and payable on death accounts go into trust?
As a Tennessee resident with life insurance or payable on death accounts, concerns about their fate upon your passing may arise. Will they smoothly transition to beneficiaries, or could probate and creditors’ claims complicate matters? The option of utilizing a trust...