Thomas Floyd Taylor

If you own a business, it provides for your family, your employees and your clients. Business transition planning is critical for the business to continue in your absence. You may want the business to be run by one of your children, a business partner or a key employee. You may want the business to be sold to a third party, named now or determined later. But without a written plan, the business you spent most of your life building and running may disintegrate without you.

No matter how large or small, everyone has an estate. Your estate includes all the property you own. This can be your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, and personal possessions. Estate planning is essential in making sure that your assets are protected and distributed to your love ones.

Probate is the administrative process that many estates must go through in order to determine and pay off debts of the decedent and determine and distribute estate property to the proper person. We in Tennessee are fortunate because state law provides us with the opportunity to avoid probate completely or, at the very least, go through a simplified probate process.

No matter how large or small, everyone has possessions. Having a living will will help protect your assets after death. This can be your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, and personal possessions. Having a living will is essential in making sure that your assets are protected and distributed to your love ones.