Deciding whether to discuss your will with your heirs is a personal choice that can have significant impacts on family dynamics. Open communication about estate plans can help reduce misunderstandings and conflicts after a loved one's passing. Understanding the pros...
Year: 2024
What to include in contracts when buying commercial real estate
Buying commercial real estate is a significant investment, and having a well-written contract is key to protecting your interests. Knowing what to include in the contract can help you avoid problems down the road. There are some important elements to ensure your...
Employment regulations you need to know if you have 50 employees
Businesses with 50 or more employees in Tennessee must follow several key employment regulations. These laws exist to ensure employee rights, safety and well-being. Understanding these rules that start applying at the 50-employee threshold can help you avoid costly...
How can digital assets be included in estate planning?
With more people relying on digital platforms for banking, investing, and communication, incorporating digital assets into estate planning has become essential. Proper planning ensures these assets are managed according to the owner’s wishes after death. Identify key...
Getting documents and financing ready for a real estate closing
Closing a real estate transaction is an intricate process. It requires careful attention to detail, particularly for those with substantial investments. Ensuring all relevant documents are in order is crucial for a smooth closing. Secure financing approval The first...
What are topics a partnership contract should address?
Some entrepreneurs do not want to start a business alone. A second person may have financial capital or experience that is critical to the success of a proposed company. If you plan to form your first business partnership, you should know what to cover in your...
What should I know about making a financial power of attorney?
If you have a parent who has problems making financial decisions due to age or a medical condition, you may consider helping your relative create a financial power of attorney. By ensuring someone you trust handles your parent’s finances, you can prevent your loved...
What is an option period in a real estate contract?
When you find a home in a Tennessee neighborhood that seems perfect for you, you probably want to conclude the sale as soon as you can. However, giving careful consideration to your purchase may be wise if you later have second thoughts about committing to the...
How to hire your first employee
Hiring your first employee is a significant milestone for any small business. It marks a transition from a one-person show to a team effort, bringing new opportunities and challenges. Careful planning helps you navigate this important step in growing your...
In what scenarios should you update your estate plan?
Estate planning is all about managing what happens to your personal items and your wishes after you die. However, just setting it up once is not enough. Figuring out when to make updates can make sure your wishes stay up-to-date no matter what life events you go...