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Archive for the Estate Planning & Probate Category

When a corporate trustee is the right choice

Trusts may have a variety of uses for Tennessee residents. They may be designed to allow certain types of assets to appreciate in value tax free before being passed on to beneficiaries. They may allow the grantor to dictate how distributions will be made based on any

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Prince’s estate still not distributed to heirs

Tennessee fans of Prince may be aware that he died without a will. Two years later, his heirs have yet to receive anything from his estate. Only the executor and attorneys dealing with Prince’s estate have been paid while the state and the IRS have both collected

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Estate planning documents should be regularly reviewed

Many people in Tennessee want to complete the estate planning process and then put those documents aside. Due to inevitable life and law changes, however, estate plans can often be ripe for review and updating. This will help to ensure that they accurately reflect one’s wishes. Many

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Using trusts to protect assets from adult beneficiaries

People in Tennessee may make a grave error if they leave their assets outright to their adult children without considering whether their offspring have the financial maturity needed to properly handle the wealth they receive. Just because someone is a particular age does not mean that he

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Estate plans and digital assets

Tennessee residents should make sure that their estate plans include provisions for all of their assets. This includes digital assets, such as emails. According to one associate professor of law, the law leaves no doubt about the treatment of physical assets, like paper documents, when a person

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Why estate planning is essential for businesses

Tennessee business owners have a great deal to consider when planning for the protection and longevity of their companies. However, one layer of security that is often overlooked is business estate planning and probate. Most people make provisions for the financial care of family upon their demise. Unfortunately,

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