Planning for the Future: Including Full-Body Donation in Your Estate Plan
For those in East Tennessee and beyond, the University of Tennessee’s Forensic Anthropology Center (UTK FAC) offers a respected program for individuals wishing to donate their remans upon death.
Understanding Tennessee's F.O.N.C.E. Exemption to LLC Franchise and Excise Taxes: A Guide for Family-Owned Entities
Tennessee offers a valuable tax exemption for qualifying family-owned non-corporate entities (FONCE), allowing them to be exempt from the state's franchise and excise taxes. This exemption is particularly beneficial for families engaged in passive investments or farming.
Inheriting an Estate: Understanding the Tax Consequences for Beneficiaries
Vermillion Law. Estate planning. Tax planning. Business planning.
A Conversation with AI
A conversation Attorney Leigh Cowden had with CHAT GPT about Tennessee “transfer on death” deeds (which, by the way, are not legal here, even though as you can see below, CHAT GPT insists they are.)
Tips for Selecting the Right Personal Representative in Tennessee
Choosing the right executor or personal representative for your estate is one of the most important decisions you’ll make in your estate plan. This person will be responsible for ensuring that your wishes are carried out, your assets are distributed, and any legal or financial obligations are resolved. In Tennessee, the role of a personal representative, otherwise known as an executor, is significant, so here are some tips to help you make the best choice.
If I Qualify for TennCare (Medicaid), Can I Pay My Loved One to Be My Caretaker?
Some seniors who receive TennCare (Medicaid) may be eligible to use those benefits to employ a family member, friend, or other trusted individual to provide them with care in their own home (“Consumer Direction”). There are many criteria an individual must meet to qualify for Consumer Direction care. Consumer Direction care is unlikely to be approved if other forms of care available through TennCare will suit your individual needs.
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