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Theodore Goodman recognized as a Tennessee Attorney for Justice

Attorney4justice 2018 - small.jpgThe honor roll has just been released for the fifth annual Tennessee Supreme Court's "Attorneys for Justice" pro bono service award, and Murfree & Goodman's own Ted Goodman has been named a 2018 honoree.

The program is an effort by the Tennessee Supreme Court to encourage more lawyers and law offices to provide pro bono legal services for people who cannot afford them. The court honors lawyers who provide a minimum of 50 hours of pro bono services each year. The court's goal is for 50 percent of attorneys and firms to meet this goal.

Residential lease basics and what should be included

When negotiating a residential lease, it is important to know what to consider and what to include. Because a lease agreement outlines the relationship between a landlord and the tenant, it is helpful to be familiar with the residential leasing process and what should be included in a lease.

To begin with, when negotiating lease terms, the landlord will likely want all of the adult tenants to sign the lease and will want to make sure to be aware of all the adults that will be living in the property. The lease should also define any limits of occupancy. In addition, the amount of rent due, when it is due and if there are any fees for paying rent late should also be specified in the lease terms. Any deposits or fees that are required should also be specified in the lease.

Understanding types of easements in Tennessee

In real estate, an easement gives an individual or company the right to use some of your land for designated purposes. It’s important outline an easement in the property deed. However, disagreements about easements are not uncommon. This can result in inconvenient disputes and lengthy lawsuits.

What happens if you die without a will in Tennessee?

Many Americans do not have a will in place to dictate where their assets would go or who would handle their affairs once they pass away. If you pass away and do not leave behind a will, the legal term for this is called dying “intestate.” In Tennessee, there are laws to designate how a person’s property is distributed if there is no will at the time of their death. These laws provide direction to the probate court who will handle the distribution of property to heirs and beneficiaries. 

Information needed in a petition to start probate

It is never easy to lose a loved one in Tennessee and there is a grieving process that the family will go through no matter what the circumstances were. However, when people die there are also legal matters that need to be addressed to deal with the deceased's estate. As people are aware people cannot bring their possessions with them when they die. Therefore, the courts need to ensure that these possessions are given to the proper people.

These court proceedings are referred to as probate. Most estates have to go through probate whether the deceased had a will or not, but how difficult the process will be often times depends on whether they did or did not. Either way someone within the family or the named personal representative in the will need to start the probate matter to ensure everything goes to the appropriate people.

Differences between S Corp and C Corp corporations

There are many people in Tennessee who have a great idea or know they could do what they are currently doing for someone else for themselves. However, knowing this and taking the steps to make it a reality are two different things. There are two aspects to any business, there is the actual service or product that the company provides and then there is the administrative side such as the accounting, ensuring taxes are paid correctly, payroll, and many other necessary aspects to ensure the company runs smoothly.

The administrative side of the business starts at the very beginning with the business formation. People who want to start a business need to set up the business with the right legal structure. There are different types of structure people can use, but one of the most common ways to start a business is to have it incorporated. Corporations are separate legal entities which have shareholders and those shareholders collectively are the owners of the company.

Do you need to review your will?

Think about the will you first created. You likely made it and then kept it in a safe place, to be dealt with when you are gone. Instead of having your will collect dust, it is important to routinely make sure that everything you want included is there. Your estate plan should evolve as your life does.

There are many reasons why people would need or want to change what is stated within their will. For example, you have a new grandchild that you would like to be named in the will, you got married or divorced or you came into new money. All of changes are things that you likely will want reflected in your estate plan.

Common mistakes that lead to business filing rejections

Establishing a business in Tennessee can be a delicate process. Even if you think you have absolutely everything prepared, the smallest screw up can delay your company from taking off. This can be detrimental to your business plans and any investor who was willing to contribute to your idea.

To avoid putting all of those months and years of planning on hold, it is imperative that you know some of the more common reasons that businesses receive filing rejections from the state. Learning from these mistakes will help increase your awareness of what to avoid for the filing process.

Getting help with estate administration

Finding yourself in charge of administering an estate can be a jarring experience. The responsibility is an emotionally weighty one while also involving extensive complicated paperwork. The role also carries with it a significant number of legal requirements, some of them coming with serious penalties for non-compliance. 

A real estate contract could protect your financial interests

Congratulations! You are ready to take a big step into the world of adulthood and independence by purchasing your own home. This step can feel exhilarating as you imagine all the ways that you will make your house a reflection of you and your comforts. You may scour websites, speak with real estate agents or drive around your local neighborhoods looking for that perfect home waiting to be yours.

When you find the right one, you may simply want to hand over your down payment and get the ball rolling on officially owning a home. However, at this point, it may prove wise to tap the breaks on your enthusiasm and think logically. Purchasing a home is a substantial financial and personal decision, and you certainly do not want to end up being taken advantage of. Therefore, it may prove wise to consider creating a real estate contract.

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