Tag Archives: Estate Planning
No one likes to think about the passage of time and the inevitability of death. Unfortunately, at some point we will all have to deal with the passing of a loved one. When that happens, the suffering that one feels is often exacerbated by the legal issues that come with dividing assets. Terms like “heirs,” “devisees” and “joint tenancy with right of survivorship” can make any person with a lack …Read More
According to a 2016 Gallup Poll, about 68% of adults older than 65 have a will, while only 14% of 18 to 29 year-olds have established a will. No one is ever too young or too busy to establish a will. We understand that the busy life of a young family revolves around immediate plans and milestones. We also understand that the newest generation of employees are focused on “building …Read More
A tenancy by entirety is a phrase that means real estate is owned by a married couple and if one spouse dies, then 100% of title to the property automatically vest in the surviving spouse’s name. This is a very important and simple tool for estate planning purposes because it avoids the necessity of probate when one spouse dies. That is, of course, if you wish for the land to …Read More
A handwritten Will is a valid method for expressing your last wishes as to whom you desire to inherit from you. Many people choose to write their own Wills to save the expense of hiring an attorney. Others think their estate is too small to warrant getting a legal professional’s assistance. Regardless of the reason for choosing to handwrite your Will, you should be aware of the pitfalls of this …Read More
Yes, you can handwrite your own Will, but I would not recommend it. While simple in theory, handwritten Wills often are fraught with mistakes that can cause confusion that defeats the purpose. In worst case scenarios, a handwritten Will can be contested and ruled invalid and unenforceable by the Court. Handwritten Wills are called holographic Wills by the Court. In order for a handwritten Will to be valid in Tennessee …Read More