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...
Is there a difference between living and revocable trusts?
Anyone who has started the process of leaving their assets to beneficiaries faces a multitude of financial instruments available in Tennessee. Among those are revocable and living trusts. Here is what you need to know. What are trusts? Trusts are legal entities set up...
The benefits of planning out an estate
Estate planning is about accounting for your assets and then developing a succession plan for your estate. In Tennessee, your estate must be administered upon your death, so estate planning prepares your estate for the beneficiaries ready to receive it. Without the...
What probate is and why you should avoid it
The probate process in Tennessee can be a long, expensive and tiresome thing for families to go through. It's usually best to try to tailor your estate plan so that there is no need for probate after you're gone. What is probate? The probate court is a government...
The importance of knowing about powers of attorney
When planning your estate in Tennessee, it’s important that all of the details are clear and concise. You and your heirs should know everything about powers of attorney. This includes what they can be used for and knowing their limits. The more information you all...
Using an estate plan to prepare for incapacity
Powers of attorney and health care directives provide Tennessee residents with a way to prepare for the possibility of incapacity and name trusted individuals to make important decisions on their behalf. A comprehensive incapacity plan should address personal,...
Should I keep my will in a safe deposit box?
There are various obstacles that can delay carrying out your estate plans, so it is essential to avoid any mistakes that could make it harder for your heirs to close out your estate. You might want to keep your will as safe as possible so your executor will be sure to...
What do you know about the difference between guardianship and conservatorship?
While helping your parents learn more about estate planning, you learn of guardianship and conservatorship. You know either role may lie in your future, but what duties should you expect to assume? The Motley Fool explores the two decision-making roles. Learn how you...
Should you finally review your estate plan?
You finished creating your estate plan years ago. Then, you sat on it until today, despite the changes your life has undergone since you first drafted the plan. Unfortunately, you are not alone in this. But your estate plan should always reflect your most recent life...
What are the 3 most critical business succession questions?
As the owner of a family business, assuring its continuation after your retirement represents perhaps the major goal of your estate planning activities. Nevertheless, as reported by Family Business, the National Bureau of Economic Research estimates that only about...
Costner & Greene Attorneys at Law
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