Blog
For many small business owners, their business is more than just a job; it is a full-time commitment that goes beyond business hours. It is a lifetime dedication. Unfortunately, in the midst of all the daily tasks that business owners manage to keep your business...
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...
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...
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...
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...
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...
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...
Residents of community property states have tax benefits that we, residents of Tennessee, lack. One of these benefits is that when one spouse dies, the other receives their assets with a new basis (new value or cost). In Tennessee, the spouse would get the assets with...
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. ...
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...