Most are familiar with life insurance, but many don't realize how much it can do for their financial security. One of the ways you can take advantage of life insurance in Tennessee is by setting up a life insurance trust. The trust is a legal document that spells out...
Estate Planning
What is a dynasty trust and how does it work?
A dynasty trust can play an important role in estate planning. This trust gives you a reliable way to pass wealth from one Tennessee generation to the next. Here are some facts to help you decide if a dynasty trust is in your future. Purpose of a dynasty trust In the...
What you shouldn’t put in a will in Tennessee
A will is for outlining what you want others to do with your property after you die. Before you write a will, however, you must know what makes the document valid in Tennessee. There are certain stipulations that you can't make in a will. Joint property Joint property...
A guide to international estate planning in Tennessee
If you have property outside the U.S., are married to a non-citizen spouse or have cross-border families, you will need to ensure that your estate plan in Tennessee is tailored to your unique circumstances. Failure to do so could lead to your loved ones incurring...
The basics of wills, trusts and advanced directives
Estate planning is the process of organizing and managing your estate during your lifetime and after your death. There are many estate planning tools available under Tennessee law to help you achieve your goals, including advanced directives, wills and trusts. What...
Legal terms associated with estate planning
Anyone writing a will likely knows the purpose of the document. A will establishes someone's wishes regarding asset distribution, charitable donations, and other activities after the testator passes away. However, not everyone understands Tennessee estate law...
When do you need a trust deed?
The real estate market in Tennessee works by certain rules. Once you have gained knowledge of these rules, you can use them to your advantage. One of the most commonly misunderstood details of the process is known as a trust deed. This is a document that comes into...
3 important estate planning steps in Tennessee
Estate planning is something that everyone should do, regardless of their age or wealth. It is important to have a plan in place in case something happens to you and you are no longer able to make decisions for yourself. The question is, what goes into a good estate...
Pros and Cons of Life Estates in Tennessee
Tennessee residents have a lot of options for handling their estate plans. One lesser-known way to handle your estate plan is setting up a life estate. What is a life estate? A life estate is a real estate property where the owner lives until they pass. After their...
Bequest and Estate Planning in Tennessee
There are various ways you can pass down your properties to other people in Tennessee. One such way is bequeathing. If you have been pondering the best ways to hand over your assets to your loved ones, here's one method that can be useful to you. Bequests in estate...
