As your parents grow older, they may face a variety of challenges, including declining health and financial uncertainties. Assisting with estate planning is one effective way to support your beloved parents as they transition into their golden years. Often perceived...
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Estate Planning
Why young workers and college students need estate plans
Discussions about the importance of estate planning often focus on parents, or those preparing for retirement. It is easy for people to recognize why someone responsible for a child might need an estate plan. It is also easy to imagine how vulnerable someone can be...
How people can address personal debt in their estate plans
When someone dies in Tennessee, they likely leave behind close loved ones and also personal property. They may also have debts that they did not pay in full before their passing. Tennessee testators creating estate plans often make protection for their vulnerable...
Options when left out of a will
The loss of a close family member is a devastating time in the lives of loved ones. Certain matters require attention, particularly when it comes to funeral arrangements. Eventually, estate planning matters must be dealt with as well. For some, mourning turns to shock...
Should you talk to your children about your estate plan?
When planning for the future of your estate, you will have to consider various issues, including the people you intend to designate as beneficiaries, your executor, your family and healthcare providers. If you plan to talk with your children about your estate...
What makes an ideal power of attorney?
Much of what your estate plan focuses on is what happens to your estate after you pass away. This can be beneficial for your family and loved ones who may otherwise fight over your estate. Yet, your estate plan also has one crucial aspect that decides what happens to...
Can you learn from others’ estate planning mistakes?
People often make estate planning mistakes, especially when they try to do the whole thing on their own or they just put it off for too long and rush through it. These mistakes can make things a lot harder for their family and their heirs. If you’re creating your...
At what age should the average adult create their estate plan?
Most people would agree with the statement that adults preparing for retirement should have an estate plan already in place, but beyond that, there is little consensus regarding when adults should create their estate plans. Some people will say that estate planning...
The ideal executor has crucial qualities to get the job done
Who do you pick? You need to name an executor to your estate. Your children come to mind. Two of the three seem like potential candidates. The third? No way. You love your youngest son, but his life has been filled with pitfalls, financial struggles and general...
Should you set aside money in your will for the legal guardian?
When pondering the details within a will, choosing a legal guardian for your children represents one of the most important decisions. The right choice will set your children on the path you had envisioned if you were still alive. You also understand that the legal...