Writing your will is a complex process, and not just for the wealthy. You want to be sure that every detail is handled correctly and fully complies with the law. If it does not, your will can possibly be challenged by someone or even invalidated by the court. One...
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Estate Planning
Tips to help you avoid probate
After you die, your estate will go through the Tennessee courts in a process called probate. This is when the court oversees the distribution of your assets and ensures all debts you owe are repaid. Some people mistakenly believe if they create a will, their estate...
How do I choose a guardian for my child?
How do I choose a guardian for my child? The birth of a baby changes pretty just about everything. If you are a new parent, one of the updates you need to effect on your estate plan is your list of beneficiaries as well as the inheritance you plan on bequeathing your...
What not to put in your will
Anyone of sound mind can create their own will fairly easily. To make a legally binding will in Tennessee, you must put your wishes in writing and get the document signed by two witnesses. These witnesses should not be beneficiaries, and they should be in your – and...
Are all older adults at risk of conservatorship as they age?
Some people are not in a position to make the best decisions for themselves. Children typically don't understand the difference between their short-term desires and their true needs, so their parents serve as their guardians. Children aren't the only ones who...
What are the 3 key areas of estate planning?
Estate planning can seem a daunting prospect. As with any complex thing, breaking it down will help it seem less so. There are three essential areas to consider: What happens when I die? This is what most people think of when talking about estate planning. You need to...
Who will care for your underage child if you pass away?
Your estate plan is an important way to provide for your loved ones and give yourself peace of mind. When your child is under the age of 18, however, you may need to take additional care during the estate planning process to provide the support they need if you pass...
3 reasons you might need to update your estate plan
It can take a lot of motivation to make your first estate plan. Yet, once you have managed that, it is far from over. An estate plan is only effective if it is up to date. Mark a day in your calendar once a year to give your plan a quick read-through. The end of the...
Do family members make the best executors?
Planning what happens to your estate in the event of your death can be a daunting prospect. Often, individuals choose to delay the matter and put it off until it becomes too late. It may be in your best interest to have a solid estate plan sooner rather than later. ...
Will taxes impact your estate?
When creating an estate plan, you may have a variety of concerns to address. You may want to provide for your family, protect your underage children, support loved ones with special needs or achieve a variety of other goals. However, if you do not consider the impact...