Much of the estate planning process centers around distributing assets on a person’s death. However, one important aspect that can be overlooked is choosing a guardian for one's minor children. A guardian can be nominated by including a clause in your will. The person...
Personalized Attention For Your Family’s Probate & Estate Needs
Year: 2024
Why powers of attorney are essential for long-term care
The decision to place an aging parent in a long-term care facility can make you feel guilty. It’s also filled with a mix of emotions, from concern for their well-being to worries about the financial and logistical burdens. In this emotionally charged time, it’s...
Steps to take as an estate executor
Managing an estate competently and keeping interested parties adequately informed can be complicated. Thus, if you are appointed an executor of an estate, you need to be prepared. Here is how you can do this: Before probate Before you assume your duties, you need to...
When a caregiver improperly influences a vulnerable person’s will
The probate process can be long and technical. The personal representative of a Tennessee state may have to attend court and send out legal notices to multiple parties, including creditors. There is often a lengthy wait between when someone dies and when it is...
Can you leave an inheritance at a later date?
One way to leave an inheritance to someone is to list it in your will. As soon as you pass away, your estate goes through probate. The estate executor should inventory the assets and then give those financial assets directly to the person that you named. But this can...
Tips for choosing an estate administrator
Estate administration is an important aspect of estate planning that requires careful consideration when choosing the right person to oversee the process. As you contemplate selecting an estate administrator, remember that this individual will be entrusted with...
Choosing a trustee for a special needs trust
When parents have an adult child with profound disabilities, they often seek to protect that child’s future as much as they can by pouring their estate into a special needs trust for that child’s benefit. Special needs trusts are specifically designed not to...
Can you plan your funeral now?
Different people can have very different opinions about what happens to someone when they die. For example, parents or children of the deceased may have a different opinion from the deceased’s new partner. You might wonder if you can preempt things by using your...
Mistakes to avoid when creating an estate plan
Creating an estate plan is an important step in ensuring that your assets are distributed according to your wishes after your passing. There are several common mistakes that individuals make when establishing and maintaining their estate plans. By being aware of these...
What are the duties and limits of a financial power of attorney?
A financial power of attorney (POA) in Tennessee is a legal document that grants an individual, often referred to as an agent, the authority to make financial decisions on behalf of another person, known as a principal. This arrangement can be beneficial when a...