Protecting Your Children’s Inheritance: How the Ashley Madison Scandal Relates to Estate Planning

Protecting Your Children’s Inheritance: How the Ashley Madison Scandal Relates to Estate Planning The Ashley Madison leaks jolted Americans with the harsh reality that marital infidelity is on the rise. With more than 37 million Ashley Madison usernames exposed, it is apparent that the Internet and social media has created an instant pathway for extramarital…

Millions of Wills and Probate Records Now Online at Ancestry.com: How to Maintain Your Family’s Privacy

Millions of Wills and Probate Records Now Online at Ancestry.com: How to Maintain Your Family’s Privacy Ancestry.com recently shared the launch of their online collection of more than 170 million pages of wills and probate records from US decedents. Ancestry’s online collection of wills, however, is not the first of its kind. In fact, wills…

How to Retroactively Fix a Defective Will in Tennessee (Post Mortem Planning)

How to Retroactively Fix a Defective Will in Tennessee (Post Mortem Planning) Estate plans for most Tennessee residents drafted prior to 2012 were structured to minimize Tennessee inheritance taxes and federal estate taxes. Since then, Tennessee’s death tax landscape has drastically changed and for many Tennesseans their estate plans may be outdated and potentially subject…

We’ll Be Back Soon!

We’ll Be Back Soon! You may have noticed that TN Estate of Mind has been on hiatus for a couple weeks – for a very good reason! Rob Hazard, editor of TN Estate of Mind, welcomed his fourth child, Crosby Pierce Hazard, last Wednesday. We’ll be back in action soon with new blog posts once…

Why Irrevocable Life Insurance Trusts (ILITs) are Dead for Most Tennesseans

Why Irrevocable Life Insurance Trusts (ILITs) are Dead for Most Tennesseans An irrevocable life insurance trust (ILIT) is a trust that when properly drafted and funded removes life insurance proceeds from a decedent’s estate. This means none of the life insurance proceeds are subject to Tennessee inheritance taxes or federal estate taxes. Wow. What a…