Estate Planning and the SECURE Act of 2019

Effective Jan. 1, new Federal legislation signed into law by President Trump, the Setting Every Community Up for Retirement Enhancement (SECURE) Act includes significant provisions designed at making it easier for small business owners to set up retirement plans and seeks to prevent individuals from outliving their assets by pushing back the age retirement plan…

Garn-St. Germain, Trusts, and the Due-On-Sale Clause

Trusts are a common estate planning tool used to meet a variety of estate planning goals. To maximize trust benefits, estate planning professionals frequently advise their clients to transfer real property into trusts. Placing real property in a trust can achieve estate planning goals like avoiding probate, reaping tax benefits, ensuring real property passes according…

What Happens If I Own Property in Tennessee and Die Without a Will?

When a person dies intestate (without a valid will stating to whom the decedent’s property is to be distributed) in Tennessee,  property can be divided multiple ways depending on the number and types of heirs-at-law, the type of property ownership involved, and whether the decedent has any valid debts. Many factors are involved which is…

The Importance of Estate Planning for Young Adults: What Parents Need to Know About the Law and a Child’s Eighteenth Birthday

Decorating a dorm room, rushing a fraternity or sorority, choosing a major, experiencing independence from parents, joining the workforce, taking a year off to decide what comes next – just a few things young adults can encounter after graduating from high school. Estate planning, however, is not usually on a young adult’s radar, but this…