What Happens With Simultaneous Death in Tennessee?

Posted by John Crow | May 25, 2020 | 0 Comments

Simultaneous deaths of family members are some of the most common unforeseen events that can have substantial impacts on your estate plan. Failure to plan for those situations can create significant problems down the line. Learn how to best plan for simultaneous deaths in this article.

Got a Farm in Kentucky? Get an Estate Plan for It

Posted by John Crow | May 25, 2020 | 0 Comments

If you have a farm in Kentucky, you need a comprehensive estate plan to ensure that the farm is preserved after your death. Understand that estate planning for farms can be complex. Tax planning and directing who will control farm assets at your death is essential. Learn more about estate planning for farms in this article.

Are Your Medical Directives & HIPAA Releases in Order in Tennessee?

Posted by John Crow | May 24, 2020 | 0 Comments

When we become ill or face life-threatening medical conditions, we want to be assured that our healthcare wishes are followed. Many times, we do not want to place the burden on a family member to make decisions for us. We may not even trust certain people to make proper decisions for us. Advance healthcare directives help ensure your decisions are heard and eliminate worry over who will be in charge if something happens to you.

How to Write Your Own Will in Tennessee

Posted by John Crow | Apr 27, 2020 | 0 Comments

During a time of crisis, writing your own will can seem like an attractive option. Handwritten wills, called holographic wills, have to meet Tennessee's state requirements for the will to be valid. Before you start drafting your own will, make sure you know what you need to include and how to make your will a valid legal document.

How You Can Sign Estate Planning Documents in Tennessee During the Coronavirus Pandemic

Posted by John Crow | Apr 19, 2020 | 0 Comments

If you are seeking to prepare a traditional will, trust, or other estate planning document in Tennessee, understand that you must have a notary and two witnesses at the time you sign. Due to COVID-19, meeting with witnesses and a notary in person can be challenging. Fortunately, Tennessee has recently changed their law to allow the remote notarization and witness of wills and other such estate planning instruments.

How Kentucky Residents Can Sign Wills Without Physically Going to a Law Firm

Posted by John Crow | Apr 18, 2020 | 1 Comment

If you live in Kentucky and are considering preparing a will, trust, or power of attorney, you must have a notary and witnesses. During this time of the coronavirus pandemic, finding those essential persons can be challenging. However, with the passage of a new law in Kentucky, estate attorneys are able to conduct document signings through remote online conferencing.

What Happens to Your Horses in Kentucky after You Die?

Posted by John Crow | Apr 05, 2020 | 0 Comments

Kentucky is known as the horse capital of the world. Horses are loved animals, but they are also an investment to large extent. If you live in Kentucky and own horses, you need to decide whether you will care for them in perpetuity or sell the horses to boost the liquid value of your estate. Either way, the process is complex and to succeed to avoid probate, your estate plan must be specific and clear.

What is a Buy-Sell Agreement?

Posted by John Crow | Apr 02, 2020 | 0 Comments

Whether you’re the owner of a new business or of a mature company, the need for succession planning is the same. The future of your business is only as successful as the plan you have in place. One way to ensure the safety and success of your business is to create a buy-sell agreement for your business.

When It Comes to Trusts – You Have Options in Tennessee

Posted by John Crow | Apr 02, 2020 | 0 Comments

For people with a significant amount of wealth, trusts are often an important and advanced tool used in an estate plan. But you do not have to have a certain amount of wealth in order for you or your loved ones to benefit. Many people use trusts like credit-shelter and irrevocable life insurance trusts to minimize taxes and avoid probate. But there are other -- though not as well-known but just as useful -- trusts available. In this article, we identify some of those trusts.

The Five Rules to Follow to be the Perfect Trustee

Posted by John Crow | Mar 22, 2020 | 0 Comments

When you’re appointed as a successor trustee of a living trust, you have enormous responsibilities. The trustee must take charge of the legal and financial realms to ensure that accounts and properties are managed appropriately. In this article, we outline five rules to for a trustee to know for them to be successful in their role.

Estate Planning: Do It With Purpose, Not Out of Fear

Posted by John Crow | Mar 22, 2020 | 2 Comments

The coronavirus is a serious threat to our health, our economy and our personal finances. It's natural that in times like these, we think about safeguarding our loved ones and making sure they have what they need if something happens to us. But when unexpected challenges arise, decisions shouldn't be made rashly. Take a step back, analyze the situation. It is best to avoid making life decisions when rational thought prevail. Good estate planning should not be impulsive and reactive but proactive and strategic.

Can You Name a Beneficiary to an LLC in Tennessee?

Posted by John Crow | Mar 04, 2020 | 0 Comments

If you own an LLC, chances are your interest in the company is valuable. You want to make sure that those interests are passed on to your heirs and beneficiaries at your death. In this article, discover the best ways of passing on your interests in your LLC and whether you can name a beneficiary to your LLC.

Avoid Common Mistakes in Charitable Giving

Posted by John Crow | Mar 03, 2020 | 0 Comments

Charitable giving as part of your estate plan is a great way to do good in society, leave a legacy, and still give to your loved ones, too. But making sure it's done right is key to its success. Here are three common mistakes people make.

Why Do You Need a Living Will in Kentucky

Posted by John Crow | Feb 25, 2020 | 0 Comments

Living wills are an important part of your estate plan. Having the right to choose your medical care means in part being able to decide whether you wish to have a machine hooked up to you to keep you alive. It can also also mean avoiding family conflict over what your healthcare wishes are at the end of your life.

Setting Up a Trust for a Child In Kentucky

Posted by John Crow | Feb 12, 2020 | 0 Comments

When it comes to estate planning, a top priority for most of us is making sure our children are taken care of after we die. The hope is that our children are adults by the time we pass; unfortunately, we all know this wish is not guaranteed. If your children are under 18, strongly consider putting their assets in trust. In this article we explain why that is such a good idea.

Blunders People Make Assigning Beneficiaries to Financial Accounts

Posted by John Crow | Feb 09, 2020 | 0 Comments

One of the most important aspects of estate planning is determining who you want to be the beneficiaries of certain financial accounts. You want to make sure your hard-earned assets go to the ones you love, without delays and other problems arising. However, far too often, three mistakes are committed that can upset the purpose of your estate plan. Learn about those mistakes in this blog.

How Do Special Needs Trusts Work?

Posted by John Crow | Feb 03, 2020 | 0 Comments

If you are planning your estate, you may be concerned about the best way to leave certain assets to a person with a disability. Special Needs Trusts are almost always the best solution to that problem. In this article we review the basics of how these types of trusts work.

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Your legacy matters because it is the impact you have on your family and community after you are gone. Your legacy is your story, it is what you leave behind. What do you care about the most? What are you passionate about? At Crow Estate Planning and Probate, our job is to protect what matters to you most. We want to make sure that the success you have had in your own life will be passed down to your children and generations to come.

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