Rather than put off estate planning, you chose to tackle it early. Maybe becoming a parent made you realize how important leaving a legacy was, or perhaps you didn't want your house to go to your parents when you died. While procrastination is one of the worst estate...
If you've already started planning for what will happen to your assets after you've passed away, you've definitely made a wise decision. However, many Tennessee residents forget that the majority of their business and personal finances are conducted electronically in...
An estate representative is the person who is tasked with settling your affairs after you die. If this individual does a good job, it may be possible to get through probate in a timely manner and without any legal challenges. Therefore, it is important to think...
Many people in Tennessee and other U.S. states may understand the importance of estate planning. However, knowing exactly how to navigate the process can seem confusing and even intimidating. If you've been putting off estate planning, don't beat yourself up over it....
Most residents of Tennessee have heard of estate plans and know that they need to create their own. An individual may fail to make an estate plan because they assume it is simply about leaving liquid assets behind, but that is not the case at all. There are many other...
It used to be that divorces among older adults were comparatively uncommon; they accounted for only about 10% of all filings until the 2000s. But today, about a quarter of all divorces involve people over age 50. A related phenomenon is that many older adults in...
A will is a legal document that states the final wishes of the deceased party on how to handle their affairs. Statistics show between one-third and two-thirds of Americans do not have a will. Not having a will in Tennessee could leave a person's assets in the hands of...
Successful business owners often think of every problem that could impact their business. Forecasting potential troubles and making contingency plans might keep a business in decent operational shape. Forward-thinking entrepreneurs may realize that estate planning...
Many Tennessee residents are not as vigilant as they should be about their account beneficiary designations. They may not realize the power that the designation has. As a result, they need to periodically review each of their accounts and make sure that the listed...
A trust can be an important part of an individual's estate plan in Tennessee, but if the person does not fund the trust, it could be worthless. Assets that are not in the trust will generally have to go through the probate process. There are some exceptions. For...
