People sometimes harbor misconceptions about various aspects of the estate planning process. As a result, they make decisions that are less than ideal. In some cases, their families pay the price because negative consequences can unfold. This definitely enters the picture when it comes to trusts. In this post, we will expose four myths about […]
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Five Things to Know About Creating a Will in Tennessee
The simple will is the most commonly used estate planning document. We are going to look at some things that you should know about wills in this post, and you may not like everything you learn about them. You can name a guardian in a will. Everyone knows that you can state your final wishes […]
Do You Need a Will When You Have a Living Trust?
A lot of people think that you have either a will or a trust when you put an estate plan in place, and there is some truth to this understanding. However, you should actually have a couple of different types of wills to go along with your trust. Child Guardianship The trustee of a living […]
Estate Planning for Minor Children
You should have an estate plan in place as soon as there are loved ones depending on you, but most people ignore this important responsibility. If something happens and no protections are in place, you will be leaving your loved ones in a very difficult position. There are steps that you can take to protect […]
A Conversation With an Estate Planning Lawyer
Imagine settling into your seat on an airplane and greeting the person sitting next in the next seat. You start talking, and you find out that she is an estate planning lawyer that is willing to answer questions that you have about the subject. This would be an enlightening exchange, and with this in mind, […]
Five Key Facts About Living Trust Administration
Many people do not consider the possibility of creating a trust because they harbor misconceptions about the administration process. In this post, we will share five key facts that will help you understand the value and relative simplicity of living trusts. You act as the trustee. One of the most important things to understand about […]
Don’t Overlook These Estate Planning Documents
A lot of people reduce estate planning to the simple act of drawing up a will. In reality, in most cases, a living trust will be a better choice on many different levels. This is a subject that we will address at a different time, but there are some additional documents that are needed. Letter […]
How Can You Include Your Pet in Your Estate Plan?
Your pet is a member of the family, and from an estate planning perspective, there would be a built-in support system for the pet in place if someone was to pass away. For this reason coupled with the human versus dog and cat lifespans, most people never think about planning for pets. This makes sense […]
Use These Questions to Create an Estate Plan Outline
A lot of people that do not have estate plans in place know that it is important, but they put the matter on the back burner because they don’t know where to begin. With this in mind, if you answer these questions, you will be able to start an initial estate plan outline How do […]
What Is a Life Estate and Why Would I Use One?
There are many different ways to proceed when you are planning your estate, and we endeavor to provide information about all the transfer methods that can be utilized. One of them is a life estate, and we will take a look at this approach here. The Probate Process In order to understand why people use […]
