Nashville Estate Administration Law Blog

If you've been appointed as the executor of a will, you may be unsure of your duties. That's where your attorney can help. As an executor, you have to follow through on the duties you're assigned including:

• Paying taxes on the estate
• Distributing assets in accordance with the will
• Paying the estate's bills
• Going to court when necessary
• Maintaining the estate until settlement

If you are appointed as an executor, do you have to take the role?

An inheritance is a gift that is left behind by someone who passes away. Beneficiaries and heirs may be waiting for a specific inheritance that they've been told they'll receive, or they may be surprised to find out that a loved one has left them assets following their death.

As an heir to an estate, rights are governed by inheritance law. Inheritance laws vary by state, so it's important to have an attorney on your side to help guarantee that the inheritance that has been left to you will not be distributed to others. Tennessee is not a community property state, so you should be able to receive the inheritance as stated, even if the decedent's spouse or children argue that it should go to them.

If you're going to be inheriting money, there are some things you should know. When someone leaves you assets in their estate plan, it probably won't be as easy as giving your bank details and collecting funds. Instead, you'll have to go through a series of steps to make sure that the inheritance is processed correctly and to minimize potential delays and legal consequences.

Often an inheritance can't be paid at once. The will dictates how you'll receive an inheritance. Your mother, father or other loved one may have decided that you should receive your inheritance in installments rather than in a lump sum. The will or trust dictates how it will be paid

Inheritances are fairly common in the United States, and they can be a great way to receive property or assets from a loved one who has passed away. Inheritances can include property, stocks, funds and other investments, giving you a step up in life thanks to your loved one's hard work.

If you are to receive an inheritance, one of the things you may be asking is what you should do when you receive it. Once you receive the assets or money that your loved one left for you, it's essential that you are prepared to protect it.