by Sharon Potter | Oct 27, 2015 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS
While end of life decisions may be a topic most people want to avoid, having these conversations with your family members can actually do more good than harm. Having a signed Medical Directive [Health Care Power of Attorney or Advance Directive] can hopefully avoid...
by Sharon Potter | Sep 17, 2015 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING
In a previous blog on Revocable Living Trusts [REVOCABLE LIVING TRUSTS- Practical Management & Transfer of Assets, posted July 9, 2015], I mentioned the use of Irrevocable Trusts as a tool for certain tax planning, which included reference to a “Charitable...
by Sharon Potter | Jul 9, 2015 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TAX, TRUSTS AND ESTATE PLANNING
There are many reasons for considering the use of a Revocable Living Trust as part of your estate plan, which involves the creation and funding of a stand-alone trust agreement during your lifetime (a/k/a “inter vivos trust”) instead of creating trusts after your...
by Sharon Potter | Jun 11, 2015 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS
Statistics show that we are living longer than previous generations and that we are more likely to experience a disabling mental or physical condition prior to our death. Appointing someone to manage your financial and medical affairs during such disability with a...
by Sharon Potter | May 26, 2015 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TAX, TRUSTS AND ESTATE PLANNING
The only income tax assessed in Tennessee is the Hall’s Income Tax, which is a 6% tax on earnings from stocks and bonds. Most folks who are subject to the Hall’s Income Tax have been watching and waiting for the Hall’s Income Tax to be either modified or outright...
