Legal Services At The Intersection Of Business And Life
You may not know this, but life insurance can be an incredibly useful estate planning tool. One question our team frequently encounters is, “How are survivorship life insurance policies helpful in estate planning?” Survivorship or “second-to-die” life insurance policies can be used in various ways in an estate plan, including to help cover estate taxes. Batson Nolan PLC has proudly…
Trusts are powerful estate planning tools that you can use to preserve your wealth, maintain your privacy, and provide for your family when you are gone. But if you’ve done any research on trusts, you may have heard about revocable and irrevocable trusts, leading you to ask, “What are revocable and irrevocable trusts?” In simple terms, revocable trusts are those…
Losing a parent is one of life’s most trying experiences. In addition to coping with your grief, you might be unsure what to do about your parent’s outstanding bills, home, and car. Even without a will, the law provides a way for property to be distributed to a person’s heirs. The attorneys at Batson Nolan PLC are here to answer…
Losing a loved one is never easy. And dealing with questions of inheritance can make things even more emotional and challenging. Before you can claim a deceased family member’s assets,including their home or car, their estate must go through probate. The probate court appoints a personal representative and resolves important issues regarding the estate. Loved ones often testify in probate…
As American life expectancies get higher, the number of people with dementia also increases. The CDC estimates that around 5.8 million people in the United States have some form of dementia. Without any medical breakthroughs, this number will likely grow to 60 million people by 2060. Dementia tends to affect people late in their lives. Notably, a vast majority of…
Many Americans over the age of 72 understand the importance of making plans for their family once they’ve passed on. Eighty-one percent of those aged 72 or older have an estate plan in place. Yet, only 4 out of 10 of all American adults have a will or living trust. Having a will is essential for adults of all ages,…
When a loved one dies, your family faces the difficult process of grieving and making funeral arrangements. After that, you may wonder who will pay the remaining medical bills and when you might receive your inheritance. The time it takes for a person’s estate to go through probate in Tennessee depends on several factors, including the size of the estate,…
You may have heard that estate planning can help protect your family and assets after your death. It’s true that without a valid will, the court will divide your estate according to Tennessee’s intestacy laws. But estate planning is much more than drafting a will. Several important documents will explain your end-of-life wishes beyond what happens to your assets after…
Seeing a loved one lose their ability to live independently or manage their own affairs is heartbreaking. Whether they’re mentally incapacitated or suffering from a disability, your loved one is vulnerable. But you can do something to protect them. In this blog, we explain what you need to know about Tennessee’s conservatorship process. What Is a Conservatorship? A conservatorship is…
Probate can be a time-consuming and expensive process. Fortunately, not all estates have to go through probate. After a loved one dies, is probate necessary when there is a will? Not necessarily. In this blog, we’ll explain how probate works, when it is required, and when it is not. What Is Probate? Before discussing when probate is necessary, let’s first…