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December 2017 Archives

What are the duties of the executor during probate?

Most estate planners in Tennessee will want to avoid probate. However, there are many situations when probate avoidance strategies aren't practical; or, it's simply too late to avoid probate and the owner of the estate is already deceased. Regardless of the situation, you might be curious who actually handles the probate process, which -- depending on the complexity of the estate -- could be a difficult process to navigate for the average Davidson residence.

The first 3 steps in a will contest

You probably never thought you'd need to contest your mother's will. However, you recently discovered that someone coerced her into sign a new will only days before her death. Now, you're trying to learn about your options. You might even be asking: "Is possible to invalidate the second will and revert to the original?"

Can an estate representative get paid?

Serving as the executor of an estate, personal representative or the estate administrator can involve a lot of time, work and dedication. In fact, the duties could be so overwhelming in the case of a large and complicated estate that you don't have time to do anything else -- like your job. If you are managing an estate like this, you can have the estate pay you for your services.

Estate tax planning: What happens to inheritances from overseas?

The world is getting smaller, and the borders between countries are becoming more porous than ever. Many Tennessee residents have close family and friends living overseas, and what does that mean for estate planning? It means that you could potentially receive an inheritance from someone abroad, and that means that special taxes will apply.

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