When should you update your will?

Updating your will is a critical part of the estate planning process. Step one is to have a Last Will & Testament. But once you have one, keeping it up to date is vital to ensuring that your assets and property go to the people, beneficiaries, loved ones, and organizations that you want them to got to. There are a …

When should I make changes to my estate plan?

Making the time to address your estate planning needs can be very difficult. There are typically many other things a person would rather do instead of creating a will or talking about powers of attorney. However, once you do take the time to address your estate planning needs, you can feel relieved and confident in the future. Having said that, …

The smart way to save for a child’s education

College education is expensive. This isn’t news. In Tennessee, the average cost for in-state tuition is nearly $15,000 a year. That number will increase—sharply—if your child chooses to attend a private school, or pursue studies out-of-state. Most parents and grandparents understand that paying for a child’s education requires a great deal of planning. Starting to save early is crucial. But …

What can happen when nonprofits are noncompliant?

Starting and running a nonprofit organization is a considerable challenge. Between raising money, securing the necessary exemptions and maximizing your charitable contributions and services, there is a lot that organizers and board members need to consider. Unfortunately, no matter how well intentioned you may be, you could run into some serious issues and ultimately lose tax exemption if you do …

How an attorney can help you form your business

If you are looking to start a business, you may be most concerned with developing the product or service you plan to offer and setting yourself apart from the competition. You also must consider what type of business you want in the first place. Before you decide on anything, it would be a good idea to talk to an attorney …