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There are several different reasons that a will might be challenged. Estate planners and families of estate planners should be familiar with the circumstances that can lead to a will challenge and what to do if faced with one. Testamentary capacity If the estate...
Buying a home in the McMinnville area, whether it is your first home, your forever home or your retirement home, is an exciting process. However, it is also a complex process with many legal details to work through. One step that must be taken when you make a formal...
Powers of attorney are an important part of the estate planning process. Estate planners should know how a power of attorney can help them plan for incapacity as part of assembling an overall, comprehensive, estate plan. Power of attorney for financial affairs A power...
The estate planning process is filled with difficult decisions. Considering what’s at stake, these decisions can be agonizing. Of course, the most fundamental question is how do you want your assets distributed after your death? Another way of phrasing this question...
There are milestone events in people’s lives such as divorce, remarriage and starting a new family that can throw even the best-laid estate plans into disarray. Of course, many avoid estate planning altogether. A recent survey found that two out of three Americans do...
The death of a family member in Tennessee can be a stressful situation. When the family member is a mom or dad, children can be left grieving and overwhelmed by what needs to be done. Settling a person’s estate can be complicated and one thing that is involved is...
The 2017 Tax Cuts and Jobs Act greatly expanded certain tax exemptions. Since the Act passed, Tennessee taxpayers have been searching for new ways to take advantage of these exemptions, leading to the development of innovative wealth management strategies. Of the many...
Despite the importance of estate planning, many people in Tennessee and across the United States either put it off or ignore it entirely. There are myriad reasons for this including the misplaced belief that it is not necessary or there is plenty of time to take that...
With 2021 on the horizon, many of us can see brighter skies ahead. This year has been extremely hard on most of us. But, if there is one silver lining to this year is that interest rates are extremely low. In fact, they are at historically low levels. This opens up...
When creating an estate plan in Tennessee, the main objective is to ensure that the person who is creating a will or trust – the testator – protects loved ones and distributes the assets to the heirs as he or she sees fit. In many cases, this can be complicated....
