In the state of Tennessee, married couples can take advantage of a unique asset called a community property trust. Since Tennessee is not a community property state, marital assets aren't automatically considered community property. However, a community property trust...
Month: April 2020
Why some people choose a revocable living trust over a will
Tennessee residents who need to decide between a revocable trust and a will need to consider what they wish to accomplish with the document. Many people who opt for revocable trust feel that it provides them with a variety of advantages that a will cannot match. No...
Your estate plan is not as hard as you think
If you are like most people in Tennessee, the topic of estate planning is one that you are trying to avoid. Whether you do not like discussing your own mortality or are simply afraid of the process, you have been pushing off discussion of this area. However, you...
The benefits of a living trust
Tennessee residents with any form of assets may want to explore the benefits of creating a trust fund. Trust funds can be similar to wills in that they include instructions for how a person’s assets are to be distributed after their death, but trust funds are more...
The difference between revocable and irrevocable trusts
A trust can help you meet many estate planning goals such as avoiding probate or minimizing estate taxes. Tennessee law generally allows you to create both revocable and irrevocable trusts depending on what your needs are. Let's take a look at the difference between...
Why should you include a special needs trust in your estate plan?
Including the proper documents in your estate plan can help secure your family’s future. And if you have a family member with a disability, adding a special needs trust to your estate plan is a crucial element. What is a special needs trust? Creating a special...
