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January 2019 Archives

estate planning for art collectors

For some of the people living in Tennessee, collecting art is a passion, not just a hobby. Accordingly, these people spend a considerable amount of time searching for beautiful works of art to add them to their collection. However, plenty of art collectors don't take the time to think of what would happen to their precious art collection when they pass away.

Important information about special needs trusts

A special needs trust could be an effective estate planning tool for parents of disabled children. This type of trust can be used to help maximize the child's quality of life both now and into the future when a parent may no longer be around. By placing assets inside of the trust, a child can have access to funds for entertainment and other purposes without losing access to government benefits.

Retirement funds can be contentious in a divorce

Retirement funds are often the largest assets owned by a married couple in Tennessee. Therefore, it comes as no surprise that dividing these accounts can be complicated during a divorce. According to a survey of divorce attorneys, retirement accounts are one of the three most difficult issues to resolve at the end of a marriage. The other leading concerns were also financial -- business division and alimony payments.

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Smith, Lehberger & Bodie
10265 Kingston Pike
Suite C
Knoxville, TN 37922

Phone: 865-643-8626
Fax: 865-337-7363
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