Russ Cook & Associates, PC
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Estate Planning Archives

Why you might want to rethink non-traditional care directives

When it comes to making an estate plan, specificity can be critical. If you leave vague explanations or instructions, it can be difficult for your loved ones and others to interpret and fulfill your wishes. This could have devastating consequences on the people who may never feel confident in the decisions they make on your behalf. 

How do I know if it's time to review my estate plan?

Too many people make the mistake of thinking that estate planning is a one-time task. However, in reality, creating an estate plan is only part of the process. You must also review your plans periodically to be sure that they continue to protect your wishes and assets.

Why would I need a gun trust?

Estate planning has the potential to be more complicated than people realize when there are complicated assets involved. However, you might not know that you have complicated assets if you have not discussed your estate planning needs and goals with an attorney.

Pet owners: What you should know about creating a pet trust

Pets are an important member of many Tennessee families. They are protectors, companions and best friends that are with us through good times and bad. Considering all that a pet can bring to your life, it can be crucial that you take steps to protect your pet should you pass away.

Don't make these estate planning mistakes if you value privacy

People all across Nashville make their living in the public eye. For better or worse, actors, musicians and other high-profile professionals often see the details of their lives (or rumored details of their lives) splashed across tabloid websites and discussed by complete strangers.

Lack of end-of-life plans place considerable burden on loved ones

A person's death takes a considerable emotional toll on his or her loved ones. They are left to cope with feelings of loss, overwhelming sadness and fear about the future. When a person passes away without providing any guidance for his or her estate, these feelings can grow to include anger, frustration and even resentment.

Irrevocable trust is one estate planning tool

For what reasons might people voluntarily give up all rights to their property? In some cases, those doing estate planning see the benefits of relinquishing their rights to certain assets in order protect their loved ones or reduce the amount of taxable income that is left in an estate after they die. To achieve this, Tennessee residents may place their assets in an irrevocable trust.

Estate planning can now include long-term care for pets

When planning their estates, many people are careful to provide for their spouses, children and other loved ones. Some may remember to include their alma maters or a special charity. Additionally, it is becoming more common for pet owners to make stipulations about their animal companions in their estate planning.

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