Last week, we discussed how certain assets can bypass the probate process. I wanted to follow up on that post because bypassing probate by adding co-owners to accounts, or “payable on death” designations, can certainly accomplish that goal. However, doing so may expose your current assets, or a beneficiary’s inheritance, to certain outside forces that could wipe out those assets.
Read MoreBased on experience, “probate” can be a dirty word. Poor communication, seemingly burdensome court procedures, and domineering executors are but a few reasons why so many have such desire to avoid the process altogether.
Read MoreCollege-age students returning home for the holidays is as guaranteed as death and taxes. In recent weeks, one parent of these returning “marauders” (his word, not mine) asked about whether his son needed to have an estate plan put in place before returning to school
Read MoreThe law, while not new, remains highly relevant for those individuals and families who are creating and expanding their digital footprint. Tennessee law provides guidelines for who can administer another's digital assets in the event of the owner's incapacity or death.
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