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Brentwood Estate Planning And Business Law Blog
Is a spendthrift trust right for your beneficiaries?
Your estate is an important legacy you can leave behind for your children. Because of the inheritance they will receive when you’re gone, they won’t have to struggle or worry about money. But as they grow up, you may have one or more children who have trouble keeping...
How to deal with a breach of fiduciary duty
When you appointed a trustee to your trust, you likely chose them for their responsibility. Yet, trustees who seem trustworthy may engage in misconduct. They may withdraw assets from the trust for personal use or manage it in a manner that goes against your wishes....
The basics of choosing your conservator
As you work through estate planning, you have likely heard of conservatorship. Choosing who will be your conservator is an important step in creating a plan for your future. The right person will be able to make decisions that reflect your will. What does a...
New executive order lifts digital commerce and legal restrictions
Coronavirus is changing the way Tennesseans do business. Even as the state slowly reopens, officials are still figuring out how to do so safely. To address this challenge, Governor Bill Lee issued an executive order. The order temporarily lifts specific commerce and...
COVID 19 ALERT
We are still here for you! Given the current circumstances surrounding COVID-19, we feel it is appropriate to not only protect our firm family but also our clients by reducing the foot traffic through our facilities. In trying to adhere to federal government...
Can a trust protect your privacy?
You need an easy way to plan for the future of your assets. Everyone in your life has a different opinion on what you should do with your own property. You know you won’t be able to please everyone, but you’d like to avoid conflict. One concern is how people will...
Two key differences between an irrevocable and revocable trust
You can use a number of estate planning tools to achieve all sorts of goals. Some help to shield assets from creditors while others can reduce tax obligations. Determining the right combination of tools to make the most of your estate plan will depend on your wishes...
Business succession planning: Gift or sell?
Family businesses are an important part of the country's economy. They make up over 50% of the country's gross domestic product and are responsible for an estimated 60% of jobs in the United States. Unfortunately, a recent publication in The CPA Journal notes only 15%...
How to choose an executor for your will
The executor of your will is the person you select to manage your final affairs after you pass away. This role is an honor, but it is also more than that.The person you choose as the executor of your will must recognize that he or she will be required to complete...
4 steps to keep your kids from wasting their inheritance
As a parent, you put in a lot of hard work to earn, save and invest your money to create a withstanding inheritance for you children. But some parents worry that their children will blow through it before realizing the value of what they have received.This is a common...
