It’s natural for people to be curious about whether or not their parents have done any estate planning. You may find yourself wondering what you’re going to inherit, for example. But you may also be curious about what plans they have made for their medical future or...
Personalized Attention For Your Family’s Probate & Estate Needs
Year: 2023
Should your life insurance be divided by your will?
Many of the assets you own can be divided in your will when passing them to the next generation. Say that you are splitting all of your assets between three direct heirs, who are your children. You can use the will to specify division percentages for financial...
Is a power of attorney better than written instructions?
When creating an estate plan, people sometimes consider writing down medical instructions for their loved ones. They may stipulate in an advance directive, for example, that they don’t want to be kept on life-support. Some people have very specific desires for the...
Even with an advance directive, you need a health care agent
Estate planning isn’t just about designating who will get your assets after you’re gone. It’s about designating trusted, responsible people to look out for your well-being if you become incapacitated. That’s why it’s smart for all Tennessee adults to have an Advance...
2 instances to explore guardianship for an elderly loved one
In the realm of elder care, making the right decisions for your elderly loved ones can be a challenging and emotionally charged journey. The United States, like many other countries, is experiencing a significant demographic shift with its aging population. As the...
Unequal bequests are becoming more common
If you ask potential beneficiaries if they think their parents are going to split up their estate evenly, most of them may say that this is what they expect. However, studies have recently found that unequal bequests are growing more common and are used much more than...
Do you need a letter of intent for your estate plan?
A letter of intent is a document that explains what you want regarding your assets and how they should be managed or distributed after you pass. It serves as a roadmap for your heirs and executors. The letter of intent offers guidelines for those handling your estate....
Taking legal action if someone suspects will-related undue influence
People usually think of probate proceedings as a technicality required to settle someone's financial obligations and oversee the distribution of their personal property to their heirs and beneficiaries. For many estates, probate oversight is a technical requirement,...
You probably cannot address all your property in a final will
Your will is critical in allowing you to retain a measure of control over your estate assets in death. For example, it empowers you to name who will receive your money, property, and personal items after you leave the world. You can address many of your assets in a...
What is the difference between a revocable and irrevocable trust?
Trusts are powerful tools that allow people to manage their assets and wealth strategically. A trust can enable you to hold assets on behalf of a beneficiary of your choice. Among the various types of trusts, revocable and irrevocable trusts stand out as two primary...