Tennessee Estate Plans & New Year Resolutions for 2020

Posted by John Crow | Dec 30, 2019 | 0 Comments

Estate plans are a great way to start the New Year off right. Whether you need to form a plan or need to review and update a current one, you should make sure it is done right. In 2020, resolve to get your affairs in order by executing a plan that is tailored to you individual circumstances so that you can better protect those you care about.

When is Probate Required in Kentucky?

Posted by John Crow | Dec 24, 2019 | 0 Comments

Probate is generally required in Kentucky when you have assets greater than $15,000. It is not required when you have less than that amount or you have assets that are jointly owned or are transferred automatically at death. Find out more about what type of estates must go through probate in Kentucky.

Congress Passes Substantial Changes to Your Retirement Plans through the SECURE Act

Posted by John Crow | Dec 21, 2019 | 0 Comments

The purpose of the SECURE Act is to incentivize individuals to save more. In so doing, it makes substantial changes to certain retirement provisions. Individuals can now work longer and contribute to their retirement plan as well as delay the age in which required minimal distributions must be taken. Additionally, the new law provides small businesses certain credits and motivations to help their employees save.

TISTS - An Alternative to Traditional Business Entities for Real Estate Investors

Posted by John Crow | Dec 15, 2019 | 0 Comments

If you are a real estate investor, considering forming a TIST. They are a great alternative to traditional business entities such as partnerships, LLCs, and corporations. This type of trust provides superior asset protection and allows the creator to have significant control over the investment of the assets within the trust. TISTs avoid the franchise and excise tax and no filing fee is required.

Does Tennessee Have an Inheritance Tax?

Posted by John Crow | Dec 02, 2019 | 0 Comments

An inheritance tax is essentially a tax on the amount of money or assets the heirs or beneficiaries of an estate receive. Does Tennessee still have an inheritance tax? What about other states? Find out more about these taxes in this blog.

Disinheriting a Child in Tennessee: What You Should Know First

Posted by John Crow | Nov 13, 2019 | 0 Comments

It is not pleasant to think about disinheriting a child. Its heartbreaking. Its difficult. But it happens. When you are considering disinheriting a child, understand that it should be done cautiously. The impact of such an action on your relationships can cut deep. Here is an overview of the reasons a parent may choose to disinherit a child in Tennessee and what to consider before doing so.

5 Reasons Why You Need a Power of Attorney

Posted by John Crow | Nov 11, 2019 | 1 Comment

Creating a power of attorney (POA) should be one of your first priorities when it comes to preparing for your future. If you are a newly wed, recently graduated, have experienced the death of a loved one, or are just worried about the future, strongly consider creating powers of attorney to appoint someone you trust to make decisions for you. Here are five reasons why you need to have powers of attorney in place.

Can an Executor Be Removed?

Posted by John Crow | Nov 10, 2019 | 0 Comments

If you are a beneficiary of an estate, you may have concerns about the fitness of an executor to serve. Maybe you are worried they are taking money from the estate and using it for their own benefit. Maybe they are not mentally capable of serving. Whatever your concerns are, understand that action can be taken to remove an executor if he or she is not fulfilling his legal duties.

What is Tennessee's Elective Share for Surviving Spouses?

Posted by John Crow | Oct 13, 2019 | 0 Comments

When a spouse dies unexpectedly, sometimes they have not prepared a will or trust. Maybe they forgot to update their estate plan when they passed away. When this happens, the surviving spouse can elect to receive a certain part of their spouses estate. Find out how this elective share works in this article.

Closing Out a Revocable Living Trust

Posted by John Crow | Oct 10, 2019 | 0 Comments

If you are named as the successor trustee of a loved one's revocable living trust, you likely have many questions: How do I manage the trust? What about debts? What about closing the trust out? If you have these questions, take a moment and familiarize yourself with your responsibilities as trustee and how to handle these issues.

How to Revoke Your Power of Attorney in Tennessee

Posted by John Crow | Oct 05, 2019 | 0 Comments

Powers of attorney appoint someone to make healthcare and financial decisions for you if you cannot make decisions yourself. But what happens when you need to revoke that power of attorney and remove the person you named as your decision maker from power. Find out the process in this article.

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Your Legacy Matters

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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If you are looking for an estate attorney, we know the issues you face can be overwhelming and confusing. Our job is to make sense of it all. Please reach out and let us know how we can help you!

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