A recent survey of American adults aged 50 to 94 finds that many seniors are unprepared for the financial and logistical aspects of long-term care, with widespread misconceptions about coverage options.
Creating an estate plan is not a one-time task. As your life changes, so should your estate plan.
Here are some steps you can take to get started with the estate planning process, even before you meet with an attorney to work on any legal documents.
There are so many ways that family problems can become legal problems when a loved one needs end-of-life care or passes away, leaving an inheritance.
As the Internal Revenue Service (IRS) faces workforce reductions under the Trump administration, experts say the cuts could strain the agency’s capacity to fulfill its primary functions.
For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may disqualify them from the benefits that pay for their long-term care services.
Inherited wealth can provide opportunities that weren’t previously available, such as early retirement, investment opportunities, or funding for personal passions. However, it can also come with complexities that require careful planning and decision-making. Here’s a guide to approaching and managing an inheritance wisely.
While an inheritance is usually desired, there are many different circumstances in which it might be unwelcome. If you don’t want an inheritance, you must disclaim it. We share reasons shy people might do this.
Not talking to your adult children about their inheritance comes at a cost. Do what you can to manage expectations for adult children as they forge their financial plans. Knowing their general inheritance situation can change their decision-making process and lead to better outcomes.
Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own medical decisions.
By avoiding planning for end-of-life care and failing to discuss preferences with our loved ones, we do them a disservice.
In Tennessee, individuals facing domestic abuse, stalking, harassment, sexual assault, or human trafficking may
seek an Order of Protection. An Order of Protection is a legal remedy entered by the courts that seeks to
safeguard victims and prevent further abusive situations.
Window tinting is popular with many drivers, as it allows them a greater sense of privacy, may better fit their
vehicle’s aesthetic, can help keep the vehicle cool in the summer, and can provide greater protection from the
sun’s harmful rays.
If you’ve been convicted of a felony in Tennessee, you may lose certain rights, such as the right to possess firearms. According to T.C.A. § 39-17-1307,
Property disputes can commonly arise between owners of neighboring properties. However, in some instances, property disputes can arise between owners of the same piece of property.
Under Tennessee law, any person of sound mind, who is at least eighteen years of age, may make a will. A will must be interpreted to apply to the real and personal property it includes
Holographic Wills in GeneralA holographic will, also referred to sometimes as a handwritten or olographic will, is a type of last will and testament that is entirely handwritten and signed by the person making the will, known as the testator.
Britney Spears’s struggle to regain control over her business and personal life shines a spotlight on legal guardianship and alternatives that involve less loss of control over one’s life.
Conservators and guardians are appointed in court to make decisions about health care or finances for adults who are incapacitated. A durable power of attorney lets you choose a trusted decision-maker for the future.
Every adult is assumed to be capable of making their own decisions unless a court determines otherwise. If an adult becomes incapable of making responsible decisions, the court will appoint a substitute.
When a loved one passes away, it’s important to get a death certificate. This document is necessary to handle the financial and legal affairs of the deceased person.
In general, the probate process moves quickly if the estate has minimal assets and little debt. Larger estates can take anywhere from nine months to a few years, especially with problematic family dynamics.
Life insurance can be an integral and important part of a well-drafted estate plan. There are numerous benefits to owning a life insurance policy aside from providing a large sum of money to beneficiaries.
People eligible for Medicare and Medicaid often have complex medical situations and need assistance navigating both systems. D-SNPs can assist with this process.
