Nashville Estate Administration Law Blog

You took the time to invest and save so that you could pass on an inheritance to your children. Today, your biggest concern may no longer be growing those assets. Instead, you may be focused on making sure they're protected against taxes and other losses.

There are a few ways to protect your assets so they are properly preserved for the people you choose as your heirs. Here are three ways solid ways to protect your assets that you may not have considered.

Estate administration isn't the simplest task, and if you're new to it, it can seem overwhelming. The good news is that you can work side-by-side with an attorney, so you know that you're making the right choices to carry out your loved one's wishes.

As the executor of an estate, you have the responsibility of paying off debts, taking care of the distribution of assets for the estate and other essential tasks. There are a few mistakes that you should avoid making since they could negatively impact the estate on the whole.

Inheritance disputes happen more often than one might think, primarily because people believe that they're entitled to a loved one's assets. In some cases, they may have been told they'd receive something that they later did not. In other cases, they feel unfairly treated by the decedent.

There are some good ways to prevent disputes like these. Here are a few things to keep in mind to stop a will from becoming a war.

A person's will outlines what they want to happen with their assets when they pass away. This is often done in conjunction with trusts to ensure that things get to the correct beneficiary in a timely manner. Many people who are creating a will choose to discuss the terms of the plan with the heirs. Sometimes, there are changes that will be necessary due to changes in the person's wishes or changes in circumstances.

When an estate plan is changed, the person who is making the changes should let the heirs and beneficiaries know what's changing. This can help to take the shock factor out of them learning after the person passes away.