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.
What should you do if you hear that you'll be inheriting property?
It's usually a good idea to get into touch with your attorney. Your attorney will be able to talk to you about what you need to do to receive the inheritance and the steps you can take to protect it once it's in your possession. Depending on what the asset is, you may have to meet the requirements of a trust or the will before you can obtain the inheritance from the estate.
Our website has more information on trusts, estate planning and inheritance. If you've discovered that you're going to be receiving an inheritance of any kind, it's a good idea to talk to your attorney early on and to prepare for the money or assets that you'll be receiving soon.