Divorce often brings property division to the forefront, especially in the family home. For many Memphis couples, their house represents their most valuable asset. Quitclaim deeds frequently emerge as an option for transferring property ownership during a divorce. But...
Is your estate plan ready for life after divorce?
Estate planning extends far beyond signing documents that allocate your assets upon your passing. It is a dynamic process that should grow alongside the changes in your life, especially significant milestones like the end of a marriage. Going through a divorce can be...
When is it best to sell the family home during divorce?
The end of a marriage represents a time of change and transition for every family member. While each situation is different, there are times when it makes sense for a Tennessee spouse or the couple to sell the family home during their divorce. If this is the best...
A divorce should trigger changes in an existing estate plan
The end of a marriage will bring changes and adjustments to virtually every aspect of a spouse’s life. While transitioning to post-divorce life, it is critical not to overlook the importance of making changes to existing estate plans as well. Failure to update plans...
Remarriage means updating an estate plan
A second or subsequent marriage will necessitate changes and updates to long-term planning strategies. An estate plan should reflect new needs and goals in a person’s life, such as caring for children from a previous marriage and more. This is why it is prudent and...
Is it possible to keep the family home after a divorce?
Divorce is going to change every aspect of a person’s life, including where he or she lives. While it’s normal to want to stay put and remain in the family home, this is not always the most beneficial option. It can be expensive and complex for someone who is...
How does a divorce impact existing estate plans?
When a Tennessee couple decides to end their marriage, they will face various financial changes and adjustments in virtually every aspect of their lives. With all of the changes they could experience, it is easy to see how some may overlook how their divorce could...
Life changes should prompt changes in an estate plan
Life is unpredictable, and families, goals and careers will almost certainly change over the years. While a Tennessee adult cannot predict what will happen in the future, there are steps he or she can take that will provide a measure of control over certain things....
Young parents need to set an estate plan
Many young adults assume that they have ample time to set up an estate plan, but this might not be the case if they have children. It is imperative for parents to have plans in place for the children just in case something happens to them. There are several points to...
Naming a guardian of the estate for minor children
As a parent, you have contemplated the possibility of your future incapacity or untimely death and named a legal guardian in your estate plan for your minor children. This legal guardian, the guardian of the person, will take responsibility for the care and upbringing...
