Estate planning can help reduce asset loss, honor a person’s end-of-life wishes and ensure that his or her heirs have adequate care and financial support. Many Tennessee residents recognize the importance of estate planning, yet never begin or complete the process. Tellingly, CNBC reports that over half of Americans do not even leave behind a will when they pass away. …
For many people, starting a family is one of the first signs of becoming an adult. If a couple has children, often the parents will take the time to meet with an Estate Planning Attorney to create an estate plan so that the kids will have someone to care for them if something happens. What about those individuals who do …
When people begin the process of estate planning in Brentwood TN, one of the first things they do is make a list of all of the people they wish to be beneficiaries in their will. Often, the people who are chosen are important to them or have had considerable influence in their life. As such, they wish to make these people a …
As a new parent, you want to do everything in your power to provide a good future for your child. If you have an estate plan or in the process of estate planning, one thing you may look to do is set up a trust for your new baby. Often referred to as a trust fund, this type of planning is not …
Estate plans have to be altered and changed over the years to ensure they align with laws and your needs. Recently the estate tax laws were changed at the federal level. These changes may affect you if you are a high-income earner or have a large estate in Tennessee. Basically, this means it is time to review your estate plan …
When people decide to get divorced in Tennessee, one of the major hurdles they will face is separating their finances, reassessing retirement accounts and benefits, and reestablishing financial independence. Individuals who take a proactive approach to getting their finances in order and modifying their spending habits to reflect their relationship changes, will most likely face a much more successful financial …
When young couples are preparing to wed in Tennessee, one of the last things they feel like addressing is a prenuptial agreement. However, this decision can be valuable in creating some agreements designed to protect both parties in the event of a divorce. Once an agreement is made and signed, it seems unlikely that the meaning could change over time, …
A concise estate plan has exponentially more power than a hidden letter or a well-thought out plan inside of someone’s head. When people are considering whether or not to create a trust, write a will, coordinate long-term care or establish estate plans in Tennessee, the sooner they make the decision to follow through, they can reduce the stress and confusion …
There is nothing wrong with expecting your family to get along after your death. However, once you are gone, there is always the possibility of disputes and conflicts arising over your estate plans. According to PR Newswire, “conflict and family drama are the biggest threats to estate plans.” It is important for you to take steps to prevent potential disputes …
For couples seeking a divorce in Tennessee, rarely does a day go by where they are not met with uncertainty and concern about the future. Often, many critical decisions need to be made within a brief period of time that will greatly affect a couple’s future. These decisions range from negotiating child custody agreements to discussing how shared assets, finances …
