Jackson, Tennessee Legal Blog
Tips for talking to aging parents about estate planning
Estate planning is more important than many people realize. Sure, a lot of the focus is on how your assets are going to be divided once you pass away, but there are many other considerations that you’re going to have to make. This includes figuring out how to pay for...
Should you make an incentive trust part of your estate plan?
Do you know what you want out of your estate plan? If you don’t, it’s OK. A lot of people don’t have a firm grasp on the goals of their estate planning other than to leave their assets to their loved ones. But your estate plan doesn’t have to be so simplistic....
Creating the right estate plan in a blended family
Although estate planning may seem relatively simple, depending on the size of your estate and your family dynamics, it can actually be quite challenging. Sure, you might be able to utilize a simple will, but that document may not get you what you want. And neglecting...
How to pass a home onto children most effectively
As people in Tennessee age, their focus in life changes. What they needed to be concerned about when they were younger and raising their children is no longer a concern. One of the ways their focus may shift is that people start thinking more about what will happen...
Failing to have an estate plan can cause complications
In Tennessee, estate planning is frequently left until later because people believe there is time to address it in the future. Putting it off, as many do, can be a major mistake. This is true regardless of a person’s age, physical condition, how much property they own...
Does your adult child need a power of attorney?
When their now 18-year-old child is heading off to college, parents think about getting them ready by opening bank accounts, researching financial aid and buying bedsheets and other household items in preparation for dorm life. The last thing on their to-do list is...
Steps to take after losing a parent
Losing a parent is never easy, even when it is expected. But as you are trying to deal with the emotional realities of losing your loved one, the logistical challenges of dealing with what they have left behind can be overwhelming. And improperly addressing or...
Did a trustee’s action constitute a breach of the fiduciary duty?
The probate process can be stressful for everyone. Trustees and estate administrators might be concerned about how to navigate the process without straying from their obligations, and beneficiaries are often worried about how assets are being managed and distributed....
When might a small estate affidavit be right for my situation?
People who have lost a loved one and are thinking about how to settle their affairs will often be concerned about what to do. Probate and estate administration can be confusing and, in the aftermath of a person’s death, it can be difficult to think about these issues...
Why it is important for young parents to have a will
The birth of a baby changes parents forever. After the baby is born, life tends to be centered on the child. Much of the focus turns to the needs of the child and making sure that they have what they need to grow and mature. While parents do plan for the future for...