Estate planning should be done sooner rather than later, yet it is often delayed until it is too late. While many Estate Plans include a Will or details about who will care for the children, there is more to consider. Here are some misconceptions about Estate Planning and what you should keep in mind:
Divorce at any age can be a challenging and emotionally charged process, but couples navigating divorce after 50 face unique issues and complexities. Known as “gray divorce,” the dissolution of marriages among older adults has been on the rise, reflecting changes in societal attitudes and personal expectations. In Tennessee, divorcing after 50 presents specific legal, financial, and personal considerations.
Divorce and Child Custody in Tennessee: Navigating Legal and Emotional Landscapes
Divorce is a challenging process, often complicated by the need to determine child custody arrangements. In Tennessee, the primary concern in custody decisions is the child’s best interest. Understanding this, the legal framework and the emotional dynamics at play can help parents navigate this difficult time more effectively.
Divorce, Divorce & Custody in Tennessee, Experienced Divorce & Custody Attorneys Lebanon TN, Family Law
A new year means new laws. Below are five new Tennessee laws to be aware of. These laws are effective January 1st, 2024.
James Dustin Samples Act, Abrial’s Law, & Senate Bill 0814 | Five New Tennessee Laws
This new act of legislation will enact a grant program. This program will cover the cost of employers that provide workers’ compensation for firefighters. Allowing them to seek help with PTSD (post-traumatic stress disorder). This act is named after James ‘Dustin’ Samples, a firefighter from Cleveland, Tennessee. Sadly, James took his own life after battling PTSD.
(Source: wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SB0856)
If your parents died without a Will, it is challenging to know how to divide their property and assets legally. When there is a death without a Will, it is known as dying “intestate.” If this is your situation, you must determine how your state laws dictate asset distribution. Below, we will explore the steps to take and the legal processes involved when handling your parent’s property if they pass away without a Will.
We are here to help you understand TN Community Property Trusts (CPTs). These are valuable estate planning tools offering unique benefits for married couples in Tennessee. While not as common as traditional revocable living trusts, CPTs can manage and protect assets while taking advantage of Tennessee’s community property laws. Below, we’ll explain the critical aspects of Tennessee Community Property Trusts and why they may be advantageous for couples.
When it comes to safeguarding your wealth, the Tennessee Investment Services Trust (TIST) is a powerful tool in the area of asset protection. This legal structure may offer you a unique and effective means of shielding your assets from potential creditors. In addition, TIST can help you retain control over your investments. Below, we’ll explore the key aspects of TIST and how it can bolster your financial security.
In estate planning, two standard legal documents frequently discussed are Wills and Trusts. Both serve as crucial tools for distributing assets and ensuring the well-being of your loved ones. However, they both have distinct characteristics and functions. Below, we will explore the key differences between Wills and Trusts and how they impact your family’s future.