Moving to a new state involves a lot of changes, and one often overlooked task is updating your estate plan. If you’re new to Tennessee, understanding the state’s specific laws and how they impact your estate planning is crucial. Whether you’re a retiree settling down in the Smoky Mountains or a young professional relocating to one of our big cities, this guide will help you navigate estate planning in Tennessee.

As students prepare to embark on their college journey, they often focus on packing essentials, choosing classes, and getting to know their roommates. However, one crucial aspect that is often overlooked is estate planning. While it may seem premature for a young adult to think about estate planning, having certain documents in place is essential to protect their interests and ensure that their parents or guardians can assist them in an emergency. Here are the key estate planning documents every student should have before heading off to college.

For many business owners, their enterprise is more than just a job—it’s a legacy. Ensuring that this legacy continues after retirement, or in the event of an unforeseen circumstance, is crucial. This is where business succession planning comes into play. A well-thought-out succession plan can secure the future of your business, provide for your family, and preserve your life’s work.

As we age, the likelihood of needing long-term care increases. Preparing for this possibility is a crucial part of comprehensive estate planning. Long-term care planning involves considering the types of care you might need, the costs associated with that care, and how you will pay for it. Proper planning ensures that you receive the care you need without depleting your assets.

Retirement planning involves many crucial decisions, one of which is managing Required Minimum Distributions (RMDs). The IRS’s recent final regulations on RMDs bring significant updates that everyone with retirement accounts should understand. This article aims to break down these regulations and explain their implications.

When it comes to estate planning, trusts are powerful tools that can help manage and protect your assets. Among the various types of trusts, revocable and irrevocable trusts are two of the most commonly used. Understanding the key differences between these two can help you make informed decisions about your estate plan. In this article, we’ll break down the main distinctions and benefits of revocable and irrevocable trusts.