Charitable donations

I will make this Charitable Donation, but only if….. Under Tennessee law, a conditional gift is enforceable according to the terms of the gift. T.C.A. §35-13-103 states that “a gift instrument that specifies the charitable beneficiaries, objects, purposes or subjects of the charitable gift controls the disposition or administration of the charitable gift.” (Emphasis Added). So what does that mean? …

Creditors of an estate

If a loved one dies with debt, who is responsible to pay for it? I recall a friend from church asking with concern in his voice, “My grandfather died owing some credit card debts. Does his family have to pay for this?” While exceptions can apply, the short answer to his question was “no.” Tennessee law says that the personal …