Vermillion Law. Estate planning. Tax planning. Business planning.

Choosing the right executor or personal representative for your estate is one of the most important decisions you’ll make in your estate plan. This person will be responsible for ensuring that your wishes are carried out, your assets are distributed, and any legal or financial obligations are resolved. In Tennessee, the role of a personal representative, otherwise known as an executor, is significant, so here are some tips to help you make the best choice.

Some seniors who receive TennCare (Medicaid) may be eligible to use those benefits to employ a family member, friend, or other trusted individual to provide them with care in their own home (“Consumer Direction”). There are many criteria an individual must meet to qualify for Consumer Direction care. Consumer Direction care is unlikely to be approved if other forms of care available through TennCare will suit your individual needs.

For authors, poets, and anyone with creative, written works, literary rights are a special type of asset in an estate plan that must be dealt with in a very specific way. Properly addressing this type of intellectual property in an estate plan not only safeguards the creator’s legacy but also provides financial security for heirs. This article explores the importance of incorporating literary rights into estate planning, the legal framework governing these rights, and best practices for protecting and distributing intellectual property.

When planning for your financial future, naming beneficiaries for your retirement accounts is an essential step. But does naming a beneficiary mean they automatically inherit your accounts when you pass away? The answer is: it depends. Let’s break it down to ensure your loved ones receive the legacy you intend to leave them.

Creating a Will is one of the most important steps you can take to ensure your estate is managed according to your wishes. However, if you pass away without a Will or a Living Trust in Tennessee, your assets are distributed based on the state’s intestate succession laws. This process may not reflect your personal preferences, and it can lead to outcomes that leave your loved ones with unexpected challenges.