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...
Read More Continue Reading
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....
Read More Continue Reading
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...
Read More Continue Reading
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...
Read More Continue Reading
Transcript: 00:00:00 Main duties of the personal representative involve identifying estate assets, collecting those assets, securing those assets. The personal representative is also responsible for notifying any beneficiaries under the will, notifying any errors at law if there is not a will. They’re also responsible for notifying all known...
Read More Continue Reading
Transcript: 00:00:00 If you have a custody order in place, whether a child is born out of wedlock or you have a parent parenting plan from a divorce, there is a statute in place that is the parental relocation statute. If you already have a custody order in place,...
Read More Continue Reading
Transcript: 00:00:00 Once a court has put into place a a custody order, if you want to modify it, most of those orders are through a parenting plan and it will require that for certain disputes before you come to the court that you send a request to your...
Read More Continue Reading
Probate gets a bad reputation, and honestly, a lot of it is deserved. It’s not the end of the world when an estate goes through it. But it’s slow, it costs money, and it plays out in a courtroom rather than quietly within the family. Most people, once they understand...
Read More Continue Reading
Most people spend time thinking about their financial accounts, real estate, and investments when putting together an estate plan. The sentimental stuff, grandma’s china, dad’s watch collection, the handmade quilt that’s been in the family for generations, often gets overlooked entirely. And that’s where a lot of family disputes start....
Read More Continue Reading
Being hit by a car changes everything fast. Medical bills start arriving before you’ve even finished processing what happened. You’re missing work. You’re in pain. And somewhere in the middle of all that, you’re supposed to figure out whether to file a claim and what it might even be worth....
Read More Continue Reading