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Estate Planning Archives

Why would I need a gun trust?

Estate planning has the potential to be more complicated than people realize when there are complicated assets involved. However, you might not know that you have complicated assets if you have not discussed your estate planning needs and goals with an attorney.

Pet owners: What you should know about creating a pet trust

Pets are an important member of many Tennessee families. They are protectors, companions and best friends that are with us through good times and bad. Considering all that a pet can bring to your life, it can be crucial that you take steps to protect your pet should you pass away.

Don't make these estate planning mistakes if you value privacy

People all across Nashville make their living in the public eye. For better or worse, actors, musicians and other high-profile professionals often see the details of their lives (or rumored details of their lives) splashed across tabloid websites and discussed by complete strangers.

Lack of end-of-life plans place considerable burden on loved ones

A person's death takes a considerable emotional toll on his or her loved ones. They are left to cope with feelings of loss, overwhelming sadness and fear about the future. When a person passes away without providing any guidance for his or her estate, these feelings can grow to include anger, frustration and even resentment.

Irrevocable trust is one estate planning tool

For what reasons might people voluntarily give up all rights to their property? In some cases, those doing estate planning see the benefits of relinquishing their rights to certain assets in order protect their loved ones or reduce the amount of taxable income that is left in an estate after they die. To achieve this, Tennessee residents may place their assets in an irrevocable trust.

Estate planning can now include long-term care for pets

When planning their estates, many people are careful to provide for their spouses, children and other loved ones. Some may remember to include their alma maters or a special charity. Additionally, it is becoming more common for pet owners to make stipulations about their animal companions in their estate planning.

Estate planning can save time and money in Tennessee

There are few things that people in Tennessee or elsewhere like to think less about than their own death. It is a subject that few seek to discuss and many try to avoid. This can be a mistake, says one recent report, especially for the beneficiaries left behind. Instead, estate planning is vital to those who wish to protect their assets and loved one after they pass away. 

Thoughts on what can be done with an inheritance

When a loved one passes away and leaves an inheritance, there can understandably be a range of emotions. Of course, who wants to lose a loved one? Most people would trade the money or assets that they will inherit for having their loved one back. Others may not know what to do because they feel like the property they have received is sacred and they don’t want to do anything that would desecrate or harm it. Then there are others, who believe that they are entitled to all the property that they are given and then some.

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