Estate Planning

Estate planning involves a lot of choices. Many people ultimately use "payable on death" (POD) designations for things like their bank accounts, retirement funds, stocks and other investments to make sure that they are directed to the appropriate beneficiary....

Once you create an estate plan, you should sit down with your family members and discuss the contents of it with them. This gives you a chance to explain any decisions you've made -- and it gives your family a chance to ask the questions that concern them. For some,...

Many Tennessee residents may not know whether they really need an estate plan. You may have recently asked yourself this question and now want information that may help you decide whether creating a plan is in your interests. In a general sense, if you are an adult...

As you contemplate the many options you have for estate planning, one option is often given short shrift — the spendthrift trust. Partly because of its name, this type of trust does not always get the respect it deserves as a viable means of passing wealth down to...

Making decisions for yourself is important, but what if a day comes when you can no longer do so? While it might be hard to imagine, this is a possibility you need to plan for. In Tennessee, one of the best ways to do this is to choose a health care proxy. A health...

The idea of the traditional household consisting of two married parents living with children is not necessarily reality for most people in Tennessee. In fact, the U.S. Census Bureau reports that only 19% of American households actually resemble this type of family...

When creating an estate plan, many Tennessee residents believe that their assets are the most important part. After all, the main topic that most people are concerned with in regard to settling an estate is who gets the remaining assets. However, in addition to the...

Most parents and grandparents in Tennessee want to leave something behind to help out their loved ones, but there can be complicating factors. For example, leaving a sizable asset to a loved one with special needs could interfere with his or her ability to receive...

Moving to Ohio can be a fun and exciting experience, but there are also a lot of details to get right. From finding the right job to getting the kids in a good school, new residents might be surprised by just how quickly their attention gets eaten up. While this is...

Saving for retirement is an important part of planning for the future, and many people in Tennessee use IRAs to do so. However, it is not uncommon for someone to pass away before using all -- or any -- of the funds. This can be addressed during estate planning, when a...