As we settle into 2017, the time has finally come to get started on a few New Year’s resolutions. Every year, we can quickly come up with a list of areas in our lives that need improvement. Achieving those goals, however, can sometimes prove to be a less than simple task. One way to get…Details
A recent developing story involving Stanley Chais, a friend of the infamous Bernie Madoff and participant in Madoff’s Ponzi scheme, outlines the potential perils that can plague an estate administration involving a bad actor. Stanley Chais’ estate is the subject of a recent settlement in California which, pending approval from a New York federal bankruptcy…Details
To round out our discussion on conservatorships, this post will focus on securing a conservatorship regarding a minor, which in Tennessee is called a “guardianship” proceeding.
Although we have discussed familiar situations that may trigger the need for a conservatorship, the process of securing one can be difficult. Due to the oftentimes burdensome process of securing a conservatorship through the courts, many individuals use common estate planning tools to ensure a conservatorship is only a last resort.
If a loved one over time becomes unable to adequately care for themselves in certain situations a conservatorship may become necessary. In our next few posts we discuss conservatorship basics including when they may be needed, the basic steps involved in establishing one, and the contentious struggle that can sometimes accompany conservatorship litigation.
This week we conclude our series on estate planning for new parents by focusing on the challenges faced by some children and common estate planning protection tactics to prepare children for those challenges.