It seems like taxes are everywhere these days. You get taxed for your income, food, or anything else that you buy. You can even get taxed after you die. Most of these taxes are a way of the government to increase its dwindling revenue. However, there has been a push…
While many states choose to levy taxes on its residents through a number of taxes after they die, many states are beginning to rethink this common practice. There are a number of states that are competing for wealthy retirees through incentives like certain estate tax breaks. Although a state can…
Former “Sopranos” star James Gandolfini died suddenly in June of this year shocking many of the actor’s biggest fans. Many people may be equally as surprised to learn that as much as $70 million of Gandolfini’s estate will go to pay taxes that could have easily been avoided. Gandolfini could…
Celebrities may feel that their lives are always being scrutinized by the public eye. That scrutiny can even carry over when a celebrity passes away. Despite having access to some of the best estate-planning advice, a few wealthy celebrities left behind huge legal fees and taxes, bitter court fights, and…
You probably know what a will is and what it does. However, what you may not know is that there are different kinds of wills. Under Tennessee law, there are three different types of wills. Each one has its own requirements and restrictions. It is important to know what are…
Life is full of change. Whether you move to a new state, have a baby, or get married, situations are always changing. Some of life’s biggest changes can have a lasting impact on other areas that you would not realize. Although you learn how to adapt or compensate for any…
Preparation is the main ingredient in the recipe for success in life. Whether it is packing for a vacation, planning a schedule, or even studying notes before a big presentation, preparation is critical in so many areas. Similarly, it is important to be prepared in estate planning. There are a…
With the hustle and bustle of life these days, we all have so many things going on. The 80’s classic movie Ferris Bueller’s Day Off has a great quote talking about the speed of life: “Life moves pretty fast. If you don’t stop and look around once in a while,…
Every parent seems to have the “perfect” advice when it comes to rearing children: “We don’t let Abby watch TV because it leads to A.D.D.;” “Oh, we don’t let John eat anything but organic foods;” “Let him cry it out;” “Don’t let him cry it out.” Child-raising techniques vary with…