Gullett Sanford Robinson & Martin PLLC
The Importance of Titling Your Assets in Estate Planning The Tennessee Court of Appeals’ recent decision, In Re Estate of Calvert Hugh Fletcher, highlights the importance of titling assets. This case involves a joint checking account with rights of survivorship established by a married couple, the Fletcher’s, after they refinanced their home mortgage. After depositing…
DetailsKeeping Your Identity Secret When Purchasing Real Property When purchasing real property, such as a personal residence or vacation home, buyers concerned with maintaining privacy and protecting personal assets may take title in the form of a trust or limited liability companies (LLCs) to ease these concerns. The anonymity associated with making a purchase through…
DetailsThings to Consider When Disinheriting an Heir A parent may disinherit a child for many reasons. Celebrity moguls often disinherit children to keep them grounded. Others disinherit a child due to certain issues, such as a history of substance abuse or abandonment that has led to a fractured relationship. Regardless of why a parent desires…
DetailsAsset Protection Strategies in Tennessee that Don’t Involve the Use of Trusts Based on the growing concerns that accompany life today, such as the risk of litigation, incapacity, divorce, and potential remarriage, individuals have an increased interest in asset protection strategies. Fortunately, there are several preventive measures to shield assets without establishing trusts. One consideration…
DetailsEstate Planning Issues for Entertainers Following Prince’s sudden death, there has been a media firestorm speculating on the division of the late artist’s estate. Prince presumably died intestate, meaning without a will, and a special administrator was appointed by the District Court of Carver County, Minnesota to act in the best interest of the estate…
DetailsCommon Ways to Discourage a Will Contest If a decedent’s purported will is successfully contested and not admitted to probate, the result may be that decedent’s estate is to be administered in accordance to the terms of a prior existing will or under intestacy law as though the decedent had died without a will. Updating…
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