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March 2018 Archives

Estate planning documents should be regularly reviewed

Many people in Tennessee want to complete the estate planning process and then put those documents aside. Due to inevitable life and law changes, however, estate plans can often be ripe for review and updating. This will help to ensure that they accurately reflect one's wishes.

Using trusts to protect assets from adult beneficiaries

People in Tennessee may make a grave error if they leave their assets outright to their adult children without considering whether their offspring have the financial maturity needed to properly handle the wealth they receive. Just because someone is a particular age does not mean that he or she possesses financial sophistication. It is important that individuals consider the risks associated with leaving inheritances directly to adult children and the benefits of using a trust as a vehicle for the inheritance.

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