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Wyoming Close LLCs Protect Assets A popular asset protection tool we use at Patterson Bray is the Wyoming Close Limited Liability Company. One or more people can establish and own this type of entity and may also manage the LLC. Anyone can establish a Wyoming Close LLC, even if you...
Read More Continue ReadingBasic Asset Protection in Tennessee How do you achieve asset protection? How do you best limit your liability and protect the assets and investments you have spent so much of your life building up? While you cannot completely eliminate exposure to potential liability, you can achieve asset protection through the...
Read More Continue ReadingTop 8 Ways to Save Money on Attorney Fees Let’s talk about attorney fees. When confronted with a legal claim or issue, some people simply want to “turn it over to the lawyer and be done with it.” Others prefer a more hands-on approach, and they prefer to work closely...
Read More Continue ReadingIn some cases, a handwritten Will can be considered valid and admitted to Probate Court. Under Tennessee law, a handwritten Will is called a “Holographic Will.” It is not necessary that the document be witnessed, but all the material provisions and the signature must be in the Testator’s handwriting. What...
Read More Continue ReadingWhat does my spouse get when I die? Ask the Probate Lawyer. Many people believe that if you die without a will, that everything passes to your surviving spouse. Did you know that is not necessarily true? Read on to learn more from a probate lawyer about what a surviving...
Read More Continue ReadingAsk the Probate Lawyer: What to do if you’re named as Executor in a Will. If you’ve been designated to serve as the Personal Representative (sometimes also called Executor or Executrix) in a Will, you will need to hire a Probate Lawyer to handle the Estate in Probate Court. Don’t...
Read More Continue ReadingAsk the Probate Lawyer: Does a Will Have to Go to Probate Court? A family member died with a Will. You are a beneficiary. Do you have to go to Probate Court in Tennessee? Many people think that if a person dies with a Will, that a visit to court...
Read More Continue ReadingWhy are there statutes of limitation or lawsuit deadlines? In Tennessee, there are lawsuit deadlines called “statutes of limitations,” so it is important to speak to a lawyer as soon as possible if you believe you may need to file a lawsuit. If you wait too late, you may lose...
Read More Continue ReadingI No Longer Want to Own Property with a Partner – How Do I Break Up? Imagine you and a partner purchase a rental property in the hopes of generating additional income. Or perhaps you jointly inherit some property. You own the property as tenants in common, meaning that you...
Read More Continue ReadingEstate Planning 101: Power of Attorney and Living Will A common question we receive from our estate planning clients is: “What is the difference between a Health Care Power of Attorney and a Living Will?” Some people even incorrectly believe that a Living Will is the same thing as a...
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