A Will cannot name the beneficiaries of your IRA. Or your 401(k). Or your SEP or Simple retirement plan. THIS POST IS VERY IMPORTANT. PLEASE READ. If you only remember one thing from reading our blog, I hope it is this post. Because it can save thousands in income taxes. This post applies only to Read More
Tag: Marriage
What a Will CanNOT Do. Part II.
A will cannot change the fact that property you own jointly with your spouse will go to your spouse when you die. That’s the law in Tennessee. It’s called a “tenancy by the entirety”. There’s no “my half” and “your half”…it’s going to pass 100% to the surviving spouse. And this little fact is what Read More