A conservatorship is a court proceeding in which a judge removes decision-making powers and duties from a person with disabilities (called a “ward”) who is age 18 or older and lacks capacity to make decisions in one or more important areas of life.
Due to changing circumstances over time, settlors and beneficiaries of irrevocable trusts often become dissatisfied with the terms of the irrevocable trust. Fortunately Tennessee law permits – under certain situations and using certain legal procedures – for the modification or termination of an irrevocable trust.
A prenuptial agreement is a contract entered upon marriage. The contract includes details about division of property, spousal support and other asset dispersing in the event of divorce or death. A postnuptial agreement differs from a prenuptial because it is drafted after a couple is married.