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August 2017 Archives

What decisions can a power of attorney make?

Smart estate planners don't simply stop at a last will and testament. Your estate plan will not be complete until you have, at the very least, drafted a power of attorney. Your power of attorney documentation gives a trusted person the authority to make vital decisions on your behalf if you become incapacitated -- perhaps due to an unexpected medical event.

What property will I inherit after my spouse passes away?

If you and your spouse do not have a will set, as a spouse, you will receive the marital benefit of assuming sole ownership of your and your deceased spouse's entire marital estate. As for assets that are separate property of your spouse, or assets that do not fall under the marital estate, Tennessee state intestacy laws -- and the probate court -- will govern their distribution.

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