Those with an estate plan in place usually feel prepared for anything life might send their way. You might not know this, but estate plan documents require periodic reviews and updates to continue to meet your needs. Life is chaotic, making it easy to put off tasks...
From Behind The Badge To On Your Side
estate planning
What couples should know about reciprocal wills
If you and your spouse have committed to putting your wills in place next year, what’s the most efficient way to do it? If nearly all of your assets are jointly owned and you have the same beneficiaries, you may think that one will that is signed by both of you is the...
Get your estate plans together while you’re young
Many people believe that estate planning is just about making the bigger decisions regarding your passing and how your assets are distributed. You may decide who your heirs are, who plays the role of the executor of your estate and how your funeral is conducted. With...
Revising your estate plan as you divorce
If you’re anxious to update your estate plan as you divorce your spouse, don’t get ahead of yourself. There are documents you can change at any time (and probably should). Others shouldn’t be updated until the divorce is final. Still, other elements of your estate...
How will an irrevocable trust protect your family fortune?
You have worked so hard to build your family a fortune enough to provide even for generations to come. However, you are concerned that everything will go down the drain once you are gone. In such a case, what are your options? The best solution lies in incorporating...
Do you still need an estate plan if you do not own much?
Not all of us own a house. Not all of us have pension plans, stocks and shares or thousands of dollars in the bank. Some go through life owning very little at all. Others may have had money and property once but watched it disappear due to divorce, ill health or bad...
A DIY approach to estate planning could be a mistake
It’s far from easy to talk about what happens in the event you become incapacitated and when you die. These may be things neither you nor your family wants to talk about. Despite this, it is important that families discuss these matters. Estate planning doesn’t have...
Will you be eligible for Medicaid if you need it as you age?
All adults can receive Medicare when they turn 65. Medicare benefits will cover basic medical expenses, like routine care and acute treatment after an injury or illness. However, Medicare does not cover all of your possible needs. If you require nursing support to...
Why your teen needs a few estate planning forms when they turn 18
Your child just got accepted at their first-choice college. Likely, the last thing this makes you think about is estate planning. However, whether they’re staying fairly close to home at Vanderbilt or going thousands of miles away, there are some documents often...
Do you need health care directives in your Tennessee estate plan?
When you are trying to make a sound estate plan, you probably consider adding trusts to preserve assets for your heirs. You may also worry about how to keep your family out of probate. These concerns are valid but do not overlook yourself when planning your estate....