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In: Estate Planning : Wills Trusts Estates, Family Law Attorneys, Tennessee divorce attorney

Divorce Requires Change in Plans Marriage creates a life plan of its own. You depend on your spouse to make necessary decisions when you can’t. Medical emergencies, life threatening illness, incapacity and death – your spouse was the plan. Divorce changes every aspect of your life. Who makes those decisions now? Who takes care of things when you can’t? Parents, siblings, friend? Divorce requires a change in plans. Estate planning is Life planning! Is Your Spouse in Your Will? Depending on length of marriage and other life circumstances, you may already have prepared a Last Will and Testament, or a Trust. Is your spouse includedRead More →

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In: Estate Planning : Wills Trusts Estates, Featured Articles

Probate is Often Required When a person dies, final affairs must be settled. Property of the deceased person sold or distributed. Debts paid. All of this requires a person with legal authority to act for the estate. Often this requires probate in order to gain control of the estate. In other words you can not sell assets without legal authority. Real Estate Needs Probate In Tennessee real estate automatically passes to the heirs at the instant of death. If the decedent died leaving a Last Will and Testament that gives the property to someone other than all legal heirs probate is required. Even when allRead More →

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In: Estate Planning : Wills Trusts Estates, Legal Terms

Tennessee General Power of Attorney and the Hazards In Tennessee. a Durable General Power of Attorney is a very powerful legal document that appoints a person or persons to act on your behalf in any matter.  The “Attorney-in-Fact” can do anything that you can do, including buy, sell or mortgage property, open or close financial accounts, write checks, etc.  A power of attorney grants awesome authority to the attorney-in-fact and should be used with extreme caution. In a recent estate case which was tried in the Chancery Court of Washington County, Tennessee, the Chancellor stated: [T]his is the worst estate and power of attorney caseRead More →

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In: Contracts, Domestic Relations, Estate Planning : Wills Trusts Estates, Family Law Attorneys

The attorneys of Purple Law Firm recognize the delicate nature of the issues involved in a prenuptial agreement.  There are many misconceptions about a prenuptial agreement.  And the purposes for entering into such a written contract with your soon to be spouse.  A prenuptial agreement is a contract entered into before marriage.  It specifies in writing the intentions of the engaged couple.  The individual property of each person after marriage. And the conditions relating to joint or marital property.  A prenuptial agreement also dictates the rights of each spouse in the event of divorce or death. Why Have a Prenuptial Agreement? People are often wary ofRead More →

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In: Estate Planning : Wills Trusts Estates, Legal Terms

What Is A Revocable Trust? Estate Planning Attorneys in Chattanooga, TN 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 if a person has an estate then that person is wealthy.  In the legal arena the word estate typically means  the whole of one’s possessions – all of the property and debts of a person or a family.  In other words, if you own anything of value, then you have an estate.   It may not be extremely valuable,Read More →