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...
Probate
Probate litigation can be spurred by many, diverse factors
The Tennessee probate process governs asset administration following an individual's death. A common probate scenario spotlights court-directed oversight of the asset-transfer process from a decedent to beneficiaries specified in a will.We note on our website at the...
Singular estate planning focus: distinct personal property
The relevant details surrounding an existing bank account are likely to be pretty clear when it comes time to administer a given estate.How about that pricey art collection hanging on the walls of a Tennessee home, though? What about a vast horde of antiques that have...
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...
Disinheritance: Is it always dramatic?
Disinheriting someone in a will can seem like a painful slight; a way to hurt someone or reinforce the message that there was no remaining value in a relationship. However, the fact is that sometimes disinheriting someone in a will means something else --...
Preventing family feuds during probate with a solid estate plan
The probate process can put family members at odds with each other. Often, families fight over property, how to interpret a decedent's wishes or how to administer an estate. Whether these types of battles are expected or not, they can put immense strain on family...
Troubles arise when a trustee is distrustful
Administering a trust is a major responsibility. Whether the party in this role is an individual or an institution, it is crucial that they perform their duties lawfully and in accordance with the settlor's wishes. Failure to do this can have devastating consequences,...
What happens when someone passes away without a will?
Creating a will is something every adult should do, though many have not done it. Often, people put it off because it's uncomfortable or they think they don't need one. However, the fact is that not having a will can leave loved ones without any guidance or...
Events that can extend the probate process
After a loved one passes away, his or her estate and assets will typically go through probate. This is the legal process of identifying and distributing property, paying off debts and generally resolving a person's financial affairs.It can be a complicated and...
Can I contest a will if the decedent excluded me?
The death of a loved one can trigger painful emotions and complicated interactions with family members, especially in situations of estrangement or strained relationships. This can certainly be the case if your loved one excluded you from his or her will.A...