Jackson, Tennessee Legal Blog
Equitable distribution of property explained
When a married couple is contemplating the necessity of divorce, they will likely have many questions about the process. Whether the divorce is amicable or not, the Tennessee courts will have a significant role to play in many issues. One of the primary issues is how...
I’ve been named executor for a small estate: what do I do?
When a loved one passes away, they often leave a will detailing how they would like their assets and property to be handled. In the will, they may name an executor – usually a family member or close friend – someone they trust to see that their last wishes are carried...
The four types of alimony
Alimony is one of the more controversial subjects in divorce law. Many people who are going through a divorce are eager to cut ties with their ex, and they resent the continued obligation and dependency that alimony implies. Still, alimony can be an important way to...
How do JOAs interact with POAs?
If there is one positive thing that has happened over the past two years, it is that many of us have finally decided to get our estate plan together. Recent high school graduates are ensuring that their bank and student accounts are joint ownership accounts. Parents...
Important power of attorney clauses
A power of attorney helps assure that a family member, friend, or other trusted advisor can act on your behalf, handle your assets, and manage your affairs if you ever become incapacitated. There are certain issues you should carefully consider before signing this...
The mechanics of a will contest in Tennessee
Most Tennessee residents assume that when they have signed their will, it will be enforced as they have written it. Unfortunately, potential heirs may think that they were cheated somehow and that the will signed by a parent or uncle or other treats them unfairly. The...
Understanding the mechanics of a special needs trust
Caring for a disabled person can be a difficult estate planning issue. Both the federal and Tennessee governments provide significant financial aid or individuals who meet the Social Security Administrations definition of “disability,” but most, if not all, of these...
Tips for a successful divorce negotiation
Divorce is a stressful event for most people. This is understandable. After all, it’s a major financial transaction that can have serious ramifications for your future for years or even decades to come. It can also have a profound impact on your relationship with your...
How can one create effective retirement assets?
Estate planning can become complicated, especially for high net-worth individuals. But, a question that often comes up during the estate planning process is whether one can create retirement assets. These are assets that are specifically designed to be passed down,...
Estate plans for adult children being supported by their parents
These days, many children in the Jackson area are not fully self-sufficient adults the minute they reach age 18. Parents may continue supporting their adult children while their child is in school or working their first job. The adult child may live with the parent...