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How Selling a Probate House Affects Your Taxes in TN?

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If you have recently lost a loved one, you may hear the phrase “probate” come up. You find yourself wondering, “What is probate?” When someone passes away, the estate must be transferred to the deceased person’s heirs. Probate is the process of determining how to transfer the estate, along with paying any creditors that may … Continued

Assessing Asset Value in TN Probate

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The personal representative (executor) has all sorts of responsibilities in probate. Some are relatively easy while others can create problems if not done correctly. By acting as the fiduciary of the estate, a Tennessee executor must always make decisions that are best for the estate. Overvaluing or undervaluing estate’s assets can violate this duty. Let’s … Continued

How We Help TN Families in Probate

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Background I never heard of probate until the death of my grandmother. She passed at the age of 93, but had been moved into a memory care facility years earlier. In order to pay her bills, she had a reverse mortgage on her home. When she passed, her estate had to go through probate so … Continued

Building the Probate Inventory

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Tennessee probate requires the personal representative (executor) to log an inventory of the estate within the first 60 days of the beginning of their administration. The inventory consists of all assets and debts of the estate. If the decedent performed some estate planning before death it can be easier to find this information but there … Continued

Duties of an Executor in TN Probate

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Becoming an executor of probate in Tennessee can seem overwhelming. Managing probate is like any other job, if you don’t know all the responsibilities, you are likely to fail somewhere. This list of duties will help you succeed as an estate executor. Some of these tasks my not apply to your situation. The pre-death planning … Continued

Damaged House? Sell it with these 5 Tips

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Selling your house can seem difficult if there is some damage to the property. If you are lacking the extra cash it will take to repair it before selling, here are 5 tips for selling your house with damage in Clarksville. Tip #1: Include As-Is in Your Listing One way to sell your house with … Continued