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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...
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....
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...
A trust provides you with enhanced control and protection over your hard-earned assets. Notably, a trust can protect your assets from risks like divorce, creditors, federal estate taxes and more.However, you must choose another to oversee and administer the assets...
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...
It's typical for most people to update their will every three to five years. However, some situations should kickstart this process.Adding a new addition to the family is definitely one reason to make modifications sooner rather than later. Here's when a new addition...
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...
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...
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 --...
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...
