When your child was born, you put a lot of thought into who to name as their godparents – so why do you have to worry about naming a legal guardian in case you die before they become an adult? Isn’t your child’s godparent the same thing? Won’t they automatically step...
Personalized Attention For Your Family’s Probate & Estate Needs
Year: 2024
Use estate planning to prepare your children for their inheritance
Ask anyone, and they would tell you they would rather have their parent than any inheritance. After all, no money in the world can replace the parent-child bond. Still, even though most children understand that they will receive some legacy from their parents, few...
What to know about estate planning if you are single
Many single individuals mistakenly believe that estate planning is only necessary for those with spouses or children. However, it is equally important for singles, particularly in Tennessee, where state-specific laws can impact how assets are distributed, and medical...
The importance of estate planning for sentimental items
If you have a family business, you likely need a business succession plan. If you own a substantial amount of real estate, you may be deciding if you want to pass that to your beneficiaries or sell it and leave them the money. If you have significant financial assets,...
Changing your child’s designated legal guardian
You likely put a lot of thought into choosing the person that you have designated to be your child’s legal guardian should something happen to you and your spouse or partner before your child reaches adulthood. Maybe you named one of your child’s grandparents, aunts...
Should you work with a financial advisor during estate planning?
Estate planning can be a sensitive process. Every decision you make will impact your legacy and loved ones. That's why it's recommended to work with different professionals to avoid costly mistakes. So, should a financial advisor be among the professionals you hire?...
What is an executor of an estate?
A will is a crucial legal document that is part of your estate plan. Your will can dictate beneficiaries that would benefit from your estate. To help ensure your assets are managed according to your last wishes, you can name an executor of the estate. An executor is a...
What is a spendthrift trust?
You likely know your children better than anyone else, including how they handle money. One child may receive a substantial inheritance and invest it for retirement or a rainy day. Another child, upon receiving their inheritance, will go out and blow it all on luxury...
When can families challenge a will based on a lack of capacity?
Will contests are one of the most common reasons for probate litigation. Family members can take legal action if they have concerns about the terms included in a will. They may ask the courts for help if they question the validity of the document. There are a number...
Why do you need to update your estate plan?
An important part of estate planning is making regular updates every few years. Many people update their estate plans about every three to five years. This is about how long it takes for people to acquire new assets, such as real estate, property and investments. An...