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 Corona Virus Pandemic and Estate / Life Planning The corona virus pandemic turned life topsy turvey. Many people find themselves scrambling to put affairs in order. For example, preparing a Last Will and Testament. Or writing a Living Will, an advanced directive regarding life support. Maybe your thinking about that. You ask should I write my own Last Will and Testament?  After all forms are available online for low cost!  Some even say “prepared by our attorneys”. Beware of Pitfalls In a Last Will and Testament  It may seem easy enough. Just need to download a form and fill-in some blanks. Then sign it.  Voila!  You have a Will.  However,Read More →

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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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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 →