Transcript: 00:00:00 As personal representative, you are required to secure the deedants assets, including their real property and their belongings. Generally, for real property, I do recommend just making sure that any security system that’s already in place, just continue to make payments on that, making sure that...
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Transcript: 00:00:00 Generally, an executive can be paid for their work. However, I do recommend checking your local court’s requirements, the local court’s rules of the county where the deedent resided at the the time of their death just to see if they have any particular procedures or...
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Transcript: 00:00:00 The way Tennessee handles joint custody is that if you have a child out of wedlock and you file a petition to establish parentage, if you two agree that you should both be joint custodians of your children, then the court will enter an order to...
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Transcript: 00:00:00 If your ex violates the parenting plan and has to do with withholding your parenting time with your child, you can petition the court for what’s called criminal contempt of court. There’s two types of contempt in Tennessee. One’s criminal, one’s civil. The purpose of criminal...
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Tennessee repealed its own state estate tax back in 2016, which was good news for families here. But the federal estate tax is still very much in play, and for families with significant assets, understanding how it works and what can be done about it is an important part of...
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Most people assume that their will is the document that decides where their assets go after they die. For some assets, that’s true. For others, it’s completely wrong. And the gap between those two categories is larger than most Tennessee families realize. Retirement accounts, life insurance policies, bank accounts with...
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Choosing a trustee is one of the most consequential decisions in your estate plan. And it’s one that a surprising number of people make quickly, defaulting to whoever seems like the obvious choice without really thinking through what the role involves. The person you name as trustee will be responsible...
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Choosing an executor is one of the most important decisions in the estate planning process. For many people, the most trusted person in their life doesn’t live in Tennessee. Maybe it’s a sibling in another state, an adult child who moved away, or a close friend who relocated years ago....
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This is probably the most common estate planning misconception out there. A lot of people have a will, feel like their affairs are in order, and never think much more about it. And a will is better than nothing. But it has real limitations that a revocable living trust doesn’t...
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Transcript: 00:00:00 So, it depends if a probate administration has been opened. If a probate has been opened and a personal representative has been appointed, the personal representative is required by law to notify any known or reasonably ascertainable creditors. They’re also required to issue notice to creditors and...
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