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After a hospital stay, you return to payroll approvals and unsigned contracts. Recovery may bring relief, but those papers can raise questions about who would take charge after your death. If you are nearing retirement with substantial business interests, a medical...
Tennessee law generally treats an inheritance as separate property, but that protection can weaken if the child later mixes the funds with marital assets. Parents who want to preserve a family legacy often need both thoughtful planning and guidance for the child about...
After a settlor dies, the successor trustee must act quickly. Tennessee law sets duties that begin within days of the settlor’s death. The first 90 days often include the trustee’s most urgent tasks. These steps, including securing trust property, identifying...
A new baby can make an ordinary estate plan feel suddenly inadequate. The issue may not be who inherits the family home or who becomes the child's guardian. It may be what happens when the child needs lifelong support, when the parents cannot agree on a caregiver or...
When a loved one dies, their family may have to go through probate before the family can distribute certain assets. Probate can involve court filings, a lot of paperwork and delays. However, not every asset has to go through this process but can pass directly to a...
Choosing someone to manage a trust often involves a high level of confidence. But problems can arise when a trustee stops communicating, mishandles trust property or fails to follow the trust terms. For Tennessee families, these issues can affect how quickly...
A house can sometimes sell before a Tennessee estate is fully settled. However, an open probate case does not give every executor or administrator the same power to sell. The will, ownership of the property and the estate’s financial needs can affect how the sale...
Becoming a parent changes the way you think about everything, including what happens if you are no longer there. If something were to happen to both you and your spouse, the person you name as guardian is the one who would step in to raise your child. Without that...
Reaching the empty-nest stage is a major milestone for every family. Now that the children are fully grown and independent, the estate plan should naturally evolve to reflect this new chapter. When the children are little, the primary worry of parents is likely naming...
If you want to make it easier for your children or other beneficiaries to receive property after your death, a revocable living trust may help. In Tennessee, one of the main reasons people use this tool is to move certain assets outside of probate so your family can...