Blog : Estate Planning

Why is it Vital for Tennessee Families to Proactively Address Probate Issues? The probate process is a court-supervised procedure that involves validating a deceased person’s will, appointing an executor, and overseeing the distribution of the estate’s assets. The estate’s personal representative is responsible for valuing the estate’s property and assets, paying outstanding obligations, and distributing […]

Why is it Critical to Consider the Effect of Taxes as Part of Your Overall Estate Plan? The purpose of creating a strong and well-considered estate plan is to safeguard the value of your estate and ensure the maximum benefit of your hard work is passed to your beneficiaries. Making certain your planning documents are […]

Why is Thorough Estate Planning Vital to Asset Protection? Your estate plan can serve as a powerful tool to protect assets from various risks such as tax liabilities, creditors’ claims, bankruptcy, divorce, or business losses. Through the creation of a comprehensive estate plan, you can safeguard your hard-earned assets and securely pass them on to […]

How Could Careful Planning For the Probate Process Benefit Your Loved Ones? Probate is the process of identifying the assets of an estate, paying outstanding debts, and distributing the remaining assets to beneficiaries or heirs. The process effectively freezes the assets of an estate until an in-depth review of the situation can be made by […]

What is an Advance Directive and Why is it Valuable? On May 9th, 2017, the State of Tennessee implemented an updated Advance Directive for Health Care form, which combines the information typically included in a living will and a health care power of attorney and eliminates the need for these separate documents. This new form […]