No one has a crystal ball, but that does not mean we should not keep our eyes and ears open. Given the drama surrounding the 2016 presidential election, there is one certainty…there could be some MAJOR changes in the federal estate tax regardless of who wins the...
What happens when a beneficiary kills the person from whom they would inherit property? Tennessee has what is sometimes called a “slayer statute” that addresses this issue: Tenn. Code Annotated §31-1-106 Any person who kills, or conspires with another to kill, or...
It has been widely reported that popular musician Prince died in late April without a Will or any estate planning documents–why should this matter to a Tennessee resident? The simple answer, if you die without a Will or other valid estate planning document, all...
If you don’t like your Will, how do you revoke it? Tennessee law provides the answer. There are three ways to intentionally revoke a Will: The maker of the Will, the ‘testator’, creates another Will that revokes the prior Will; The testator creates a “document of...
On many occasions I hear from clients and potential clients that they have given certain assets to their children based on advice from someone with claimed experience/expertise in estate planning; on many occasions, the reasons given are to protect the parent’s assets...
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...
