When planning for your financial future, naming beneficiaries for your retirement accounts is an essential step. But does naming a beneficiary mean they automatically inherit your accounts when you pass away? The answer is: it depends. Let’s break it down to ensure your loved ones receive the legacy you intend to leave them.

Creating a Will is one of the most important steps you can take to ensure your estate is managed according to your wishes. However, if you pass away without a Will or a Living Trust in Tennessee, your assets are distributed based on the state’s intestate succession laws. This process may not reflect your personal preferences, and it can lead to outcomes that leave your loved ones with unexpected challenges.

Thanksgiving is a time for reflection, family, and gratitude. For families with diverse religious or cultural backgrounds, it’s also a time to celebrate the unique blend of traditions that each member brings to the table. When it comes to estate planning, this diversity can create both opportunities and challenges. An estate plan tailored to a family’s beliefs not only protects assets but also ensures that each family member’s values and wishes are respected for future generations.Here, we’ll explore key estate planning steps for families with blended beliefs, with a focus on using Thanksgiving as an opportunity to begin a conversation about protecting your legacy.

People worry that if they end up in an assisted living facility, because family can no longer care for them at home, that their home will be sold to pay for their care and any family members living with them will end up on the street. Thankfully, there are some exceptions to TennCare’s estate recovery rules.

Navigating the complexities of healthcare financing can be daunting, especially for individuals and families seeking financial assistance to help pay for long-term care in Tennessee. TennCare, Tennessee’s Medicaid program, offers a critical safety net for many residents requiring assistance with daily living activities, including those residing in assisted living facilities. This article provides an overview of the qualifications needed to qualify for TennCare benefits and how they can be utilized to cover assisted living costs.

Moving to a new state involves a lot of changes, and one often overlooked task is updating your estate plan. If you’re new to Tennessee, understanding the state’s specific laws and how they impact your estate planning is crucial. Whether you’re a retiree settling down in the Smoky Mountains or a young professional relocating to one of our big cities, this guide will help you navigate estate planning in Tennessee.