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Brentwood Estate Planning And Business Law Blog

Why wills are available to the public

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.

Politicians exploring changes to estate tax

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.

New green funeral option for Tennessee

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.

Estate planning goals to set for 2019

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.

When do beneficiaries get their inheritance or property?

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.

What are the responsibilities of a trustee?

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.

Report ranks Nashville one of the top places for startups

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.

Running a family business? Protect it from a potential divorce

People don't start businesses hoping they fail; they don't marry hoping to divorce. However, both are events that can happen when people take the plunge into marriage or business ownership.

As such, it is crucial to take these possibilities into consideration and make a plan to recover if they should happen. One especially important decision is to complete some comprehensive succession planning.

Creating an estate plan: A valuable new year's resolution

The beginning of a new year is a time when people reset their priorities and set goals to make the coming year better than the last year.

These resolutions can help people improve aspects of their lives that require more than a quick fix. For instance, perhaps you resolve to get your finances in order, or you want to be better about planning for the future. Maybe you want to finally tackle some difficult decisions about your health. These and other goals can be achieved by creating an estate plan.

Understanding how title to real estate affects your probate

When working on your estate plan, your financial planner and attorney will likely ask you the same question many times: "How is that asset titled?" How you set up your assets affects what happens to that asset after you die. Perhaps no asset is more complicated than real estate when it comes to title and transfer.

What Our Clients Are Saying About Us

  • “Everyone we came in contact with was wonderful. The staff and Russ treated us like family at all times.”

    - June S.
  • “Being new to the area having moved from out of state, I was searching for an attorney to assist in elder estate planning for my mother. I was referred to Russ Cook & Associates and found the firm as a whole and Russ Cook himself to be very helpful and accommodating to my needs, as well as experienced and very knowledgeable on the matter I was seeking assistance. I would definitely recommend Russ Cook and Associates.”

    - Brad H.
  • “Mr. Cook and his staff were phenomenal to work with on my will. They are extremely professional and friendly and made the process seamless. They go above and beyond!”

    - Amber C.
  • “Russ took the time to answer my questions by email, so that I knew exactly what would take place when I visited his office and his time as well as mine was used efficiently. I appreciated his thoroughness and his professionalism, as well as that of his staff.”

    - JoAnn G.
  • “Overwhelmingly positive experience.”

    - Stephen W.
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