What Is A Trust? Attorneys in Chattanooga, TN A Trust is a Contract Which Is Utilized for Estate Management When most people think about the term “estate” the mind conjures up images of an extensive manor home, perhaps a mansion, and its property. It would be fair to say that the common belief is that …
When starting a business one important issue to consider is how to pass the ownership of the business on to your heirs (spouse children, or others). One such way is to have a trust centered estate plan along with a corporation. You should seek the sound legal advice of an attorney experienced in starting a business and estate planning.
Wills and Trusts: Protecting your child’s inheritance. At Purple Law Firm in Chattanooga, Tennessee, our attorneys often encounter clients who have a child who is not in a good position to inherit money or property without “blowing” it. Sometimes the child is involved in drugs, criminal activity, or just not responsible with financial matters. Other …
How is a will different from a trust? A “will” or Last Will and Testament, is a legal document familiar to most people. However, what many people do not know is that a will primarily provides the probate court with your directions. Although, the law has requirements regarding the enforcement of provisions in a Last …
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