Estate Planning
I’ve had several new clients come to my office with legal documents they downloaded off the Internet, or legal documents they paid some online service for (Legal Zoom, etc.) that created huge, expensive problems for them, or could have caused problems for them if they...
Estate Planning
Many people want to know how to avoid paying federal estate taxes upon the death of a spouse. The “DSUE” is one of the means by which we can either completely eliminate or at least lessen a person’s federal estate tax liability. A deceased...
Estate Planning
In short, no. But that doesn’t mean a person has to go through the full probate process in order to inherit real property in Tennessee. If someone dies and the only thing they own is real estate and some personal possessions, meaning they have no bank accounts,...
Estate Planning
Many people rightly worry about what happens if they have to go into a nursing home and they don’t have long-term care insurance. They’ve heard stories about people who had to spend down their entire nest egg before they could qualify for any government...
Estate Planning
Federal Estate Tax is owed on a person’s gross estate over and above the exempted amount. I remember back in the day, in the early 2000s, when that limit was only $675.000. Over the years it has gone up, and then in 2010 or so, it jumped up quite a bit and then...
Estate Planning
This article applies to Florida and Tennessee law, but note that ANYONE in ANY STATE can create and fund (put assets into) a Tennessee or Florida Community Property Trust (including real property, brokerage accounts, etc.), even when that property is located in...