Life is unpredictable, especially when it comes to planning for tomorrow. There is no telling what the next day brings, and everyone needs to prepare themselves for it. People often overlook estate planning as something that can wait until their golden years. Life...
Estate Planning
How estate planning can keep a family together
Estate planning is a safety net that many people rely on to execute their last wishes. Some people only consider this planning to be necessary for their golden years. Passing away without an estate plan can cause more problems than one might expect, though. When...
What to know about digital assets and estate planning
Tennessee is home to a rich music history – everything from country, bluegrass, rock and gospel artists have called this state home for generations. In the last several years, the music scene has changed drastically though. Most artists now have their lyrics and early...
Pre-2021 estate planning moves for high-net-worth individuals
Regardless of anyone’s political leanings, a connection exists between politics, the U.S. economy and estate planning. Estate planning attorneys saw an uptick in activity before the 2016 election for individuals wanting to protect assets. Given the uncertainty over...
Can conditional gifts be part of my estate plan?
Ideally, you would be able to trust that your children will be grateful for the shares of your assets that they receive when you pass away. They would use the funds and assets you leave them wisely to honor the hard work you put into earning them. In other words, they...
What to look for when it is time to review your estate plan
So you have met with an estate planning attorney and set up a comprehensive plan that will help your estate avoid taxes, protect your intellectual property and distribute your wealth to your loved ones as you wish. Congratulations! Just know that this is not the end...
Doing good with your estate plan
A huge part of creating an estate plan is leaving a legacy that reflects who you are. You have a unique opportunity to leave a positive footprint on the world. Your estate plan can be a snapshot of the things that are important to you. This can be supporting your...
When do bypass trusts make sense?
As you and your spouse create your estate plan, you will want to consider what type of trust best suits your circumstances. Depending on your estate’s value, it may face significant taxation once you pass. Revocable living trusts remain a part of your estate and are...
How gun trusts can protect your family heirlooms
Firearms are near and dear to the hearts of many Americans. They often use them as collectibles, going to gun shows to look at antiques and passing them down through family generations. While they are commonplace in the lives of many, guns can complicate things after...
What are community property trusts?
Tennessee is among 41 states that follow a common law property system. This system treats any assets acquired by one spouse during marriage as individual property. Community property states, however, would consider these assets as belonging to the couple. Yet,...