“Where there’s no will, there’s no say” Approximately 60% of Americans are said to die “intestate”.1 Simply put, this means that the deceased individual (i.e. the “decedent”) did not create a legally valid and enforceable will during his or her lifetime. Nevertheless, the decedent’s estate must be distributed in some manner. In general, most state…
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Articles Posted in Wills
What is the Limit of a “Small estate”? The Tennessee Small Estates Act is found in Tennessee Code Annotated § 30-4-101 et seq. Under this statute, “small estate” is defined to mean an estate in which the value of the property does not exceed $50,000. Additionally, as defined in the statute, “property” is limited to…
Continue reading ›This article addresses why you should draft a Last Will and Testament, the legal requirements for a valid will under Tennessee law, and different provisions to consider when drafting a will. It is commonly said that only two things are certain in life. One of those things is taxes, and you probably already know what…
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