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The Importance of Having Powers of Attorney – And the Disaster of Not Having Them

The Importance of Having Powers of Attorney – And the Disaster of Not Having Them

by Richard T. Scrugham, Jr. | Nov 19, 2018 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS

Clients often ask me “Why do I need a power of attorney …. I am not sick, and I don’t want anyone to have that kind of control over me or my finances.” A “Power of Attorney” (or POA) is a document in which you appoint a specific person the authority to act on your...
Estate Planning: It’s for the Children (of all kinds)

Estate Planning: It’s for the Children (of all kinds)

by James E. Wagner | Feb 7, 2018 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS

In Tennessee, a person can leave his estate pretty much to whoever he wants.* Of course, when a person dies without a will, the State of Tennessee provides for how property is divided. See the blog article entitled, “When Aunt Becky Had No Will.” If a...
Disinheritance in Tennessee

Disinheritance in Tennessee

by James E. Wagner | May 26, 2017 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS

An occasional question that comes up in drafting a will, is whether the person making a will can disinherit a child. The simple answer is that in Tennessee, parents can disinherit a son or daughter. No reason needs to be stated in the will. Some think they must leave...
What are the Duties of a Conservator?

What are the Duties of a Conservator?

by Richard T. Scrugham, Jr. | Jan 31, 2017 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, TRUSTS AND ESTATE PLANNING, WILLS

In Tennessee, a Court may appoint a Conservator for a person who lacks mental capacity to handle his / her own affairs. But what exactly does a Conservator DO and what are the responsibilities of the job? There are two types of authority which the Court will normally...
Potential Legal Traps for Executors Distributing Firearms from an Estate

Potential Legal Traps for Executors Distributing Firearms from an Estate

by James E. Wagner | Jan 12, 2017 | ESTATE PLANNING: BUSINESS, FAMILY AND PERSONAL, FIREARMS LAW, TRUSTS AND ESTATE PLANNING, WILLS

In Tennessee, like most states, estates frequently include the decedent’s firearms. There are legal concerns for the executor1 concerning distributing the firearms to beneficiaries or heirs of an estate. These can involve a beneficiary who is disqualified from...
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Frantz, McConnell & Seymour | FMS
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