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Posts tagged "Estate Planning"

What is intestacy and how might it affect your estate plan?

A person's family tree can have many branches that reach far and wide into the world. While some of their close family may live near them in Tennessee, they may have cousins, grandparents, and even more distant relations that spread across the rest of the country and even across oceans. Not everyone is close to their relatives, though, and not everyone wants to benefit their distant relations through the execution of their estate plan.

Take proactive steps to avoid an estate administration nightmare

Contests over wills and other estate planning documents can tie estates up for years and can cause irreparable rifts between members of a decedent's family. Although it may be impossible to satisfy every possible beneficiaries' wishes in the creation of a personal estate plan, Tennessee residents can take certain steps to minimize the chances of having their testamentary documents contested after their deaths.

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.

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