Tennessee Uniform Fiduciary Access to Digital Assets Act

Tennessee Uniform Fiduciary Access to Digital Assets Act Effective July 1st, 2016, the Tennessee General Assembly’s recent enactment of the Uniform Fiduciary Access to Digital Assets Act (the “Act”) grants various individuals the authority to access a decedent’s digital assets. The Act authorizes executors, trustees, powers of attorney, conservators, guardians, and certain other people access…

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…

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…