A point we stress at the tenured Nashville-area estate administration law firm of Russ Cook & Associates is that estate planning can effectively deal with a wide universe of concerns. Collectively, those matters are often centrally applicable to a family's well-being and future.
We duly note on our firm's website that, "An estate plan is essential for everyone, regardless of stage of life or economic status."
The estate planning realm can easily surprise individuals and families considering it for the first time, giving them an unexpected appreciation for its truly broad utility.
We underscore that at the established Middle Tennessee estate planning and administration law firm of Russ Cook & Associates in Brentwood. We note on our website that, if you are a planner, a timely and tailored strategy can help ensure "that your intentions are honored with respect to your family, finances and future."
The American business realm is unquestionably diverse and evolving. Yet is is also marked by an ever-enduring constant, namely, an energetic spirit that motivates entrepreneurs to identify and profit from new commercial opportunities.
We duly note on our website at Russ Cook & Associates in Brentwood the creative energies and sweat equity that lead to the creation of myriad business forms in Tennessee and across the country. Those range widely from corporations and limited liability companies to various types of partnerships, sole proprietorships and more.
A will becomes a matter of public record after its creator passes away. The state court conducting the probate process does this by filing the document once it has been finalized.
This may feel a little concerning to some given the personal details a will holds. But, there are a few good reasons for making the matter public.
When people are doing their estate planning, one objective they may want to know more about is how to minimize tax obligations. Depending on where a person passes away, the value of his or her estate and the states in which he or she owns property, tax obligations can be something worth addressing.
This is particularly true for wealthy individuals, as they can be subject to tax laws because of the size of their estates. For instance, if your estate has prior taxable gifts and combined gross assets of $11.4 million, then it will be necessary to file a federal estate tax return. However, that amount could be changing dramatically in coming years.
Last year, a new option for green funerals arrived in Tennessee. The Larkspur Conservation in Summer County is the first non-profit conservation burial grounds to open in the state. This 112-acre nature conservation sits beside beautiful Taylor Hollow and welcomes interested parties and their families.
With the coming of the new year, many people are still sticking to their resolutions. Most of these goals have to do with self-betterment, such as exercising, eating healthier or practicing self-care.
But, by setting these estate planning goals, you can use 2019 to help look out for others someday in the future.
Receiving an inheritance can be a great gift for anyone. It could be a sizable sum, a meaningful gesture or a significant responsibility that a person carries on. Under any of these circumstances, recipients can wonder when and how they will receive their inheritance.
There is no one easy answer, though, as the details of distribution depend on many details. However, there are some general notes that can help beneficiaries better understand the process.
When a person sets up a trust as part of his or her estate plan, one thing that matters a great deal is who he or she selects as trustee. This is the party that manages the trust and handles distributions to beneficiaries. When it comes to serving this role, there are a wide range of responsibilities that fall on the trustee.
A recent report points to Nashville being a very attractive location for startups.
The report, posted on Inc.'s website, scored the nation's 50 biggest metro areas in seven categories that touch on how good of an environment a given place is for starting a business. These categories are: early stage fundraising deals, high-growth company density, job creation, net business creation, population growth, rate of entrepreneurship and wage growth.
Contact us today to schedule a consultation by sending us an email or by calling 615-200-9117.
We assist clients throughout the Nashville area.
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5141 Virginia Way
Suite 220
Brentwood,
TN
37027
Phone:
615-200-9117
Fax:
615-370-5938
Brentwood Law Office Map
Office Hours:
Monday: 8:00 AM – 4:30 PM
Tuesday: 8:00 AM – 4:30 PM
Wednesday: 8:00 AM – 4:30 PM
Thursday: 8:00 AM – 4:30 PM
Friday: 8:00 AM – 4:30 PM
