The Last Will and Testament is the cornerstone of a comprehensive estate plan. A properly structured Last Will and Testament ensures that a person’s property is handled according to his or her wishes after death.
Health Care Powers of Attorney and Living Wills are the key to ensuring that an individual’s health care wishes are honored whether or not they are able to communicate with doctors and loved ones.
A Durable General Power of Attorney gives a trusted person authority to handle transactions regarding property, contracts, and benefits.
A trust holds real property and assets in order to preserve them for present or future use by a beneficiary or beneficiaries. Different kinds of trusts can achieve very different goals, ranging from meeting qualifications for public benefits to providing for a special needs loved one.
Medicaid is health insurance for low income individuals or individuals with long-term disabilities who have not been able to work long enough to be eligible for Medicare.
VA benefits can be an untapped resource for many senior citizens. There is a lack of good, accessible information about the programs and a maze of federal regulations that govern eligibility.
Probate is the court procedure in which the assets of a deceased person are passed to beneficiaries. If a resident of Tennessee dies owning property or having debts in in his or her individual name, it is often necessary for survivors to open probate.