Oconee Estate Planning Blog

What’s a QTIP Trust?

A QTIP trust (qualified terminable interest property trust) lets a grantor provide assets in a “safe spot” for a surviving spouse but still control what happens to those assets once that surviving spouse passes away. A QTIP trust can offer financial reassurance if you’re concerned about what would happen to your spouse after you’re gone.

Yahoo Finance’s recent article entitled “How Does a QTIP Trust Work?” explains that a qualified terminable interest property trust allows one spouse to provide income for another. This type of trust can also be used to pass on assets to other beneficiaries, including children. A QTIP trust is a type of irrevocable trust, so once you transfer assets to the trust, that transfer typically can’t be reversed.

With a QTIP trust, your spouse is considered to be a lifetime beneficiary: he or she can draw on trust income for life. Those who receive the assets held in the trust once the surviving spouse passes away are called remainder beneficiaries. These may be children from a previous relationship. A surviving spouse primarily benefits from a QTIP trust because of the income he or she can get from it. The surviving spouse would have limited or no access to the underlying assets in the trust but would still benefit from any income it generates.

As far as tax benefits, a QTIP trust lets the assets qualify for the marital deduction, so any assets in the trust are excluded from your estate for tax purposes once you pass away. When the surviving spouse dies, the QTIP trust is dissolved, and the assets are transferred to the remainder beneficiaries. Then the assets held in the trust would be included in the surviving spouse’s estate for tax purposes. It’s a very attractive feature because you can use the trust to manage estate taxes for a surviving spouse. Any tax obligation owing when the surviving spouse passes away would be passed on to the remainder beneficiaries.

A QTIP might be a good option if your current marriage isn’t your first, and you have children from a previous relationship. With this trust, your current spouse won’t be financially stranded if something happens to you. Plus, you can ensure that your kids from the previous relationship inherit your assets held in the QTIP. Also, a QTIP trust might be the answer if you’re concerned about what your current spouse might do with your assets if inherited outright. This trust can ensure that your spouse is not able to use your assets in a way that goes against your wishes after you’re gone.

QTIP trusts can be wise when you’re married and have children from a previous marriage. Ask an experienced estate planning attorney about the benefits of creating a QTIP trust and how it might work in your specific situation.

Reference: Yahoo Finance (July 30, 2021) “How Does a QTIP Trust Work?”

Suggested Key Terms: Estate Planning Lawyer, Asset Protection, Probate Attorney, QTIP Trust (Qualified Terminable Interest Property Trust), Remainder Beneficiary

What are Responsibilities of Trustees and Executors?

Being a fiduciary requires putting the interest of the beneficiary over your own interests, no matter what. The person in charge of managing a trust, the trustee, has a fiduciary duty to the beneficiary, which is described by the terms of the trust. This is explained in a recent article titled “Estate Planning: Executors, executrix and personal representatives” from nwitimes.com.

Understanding the responsibilities of the trust requires a review of the trust documents, which can be long and complicated. An estate planning attorney will be able to review documents and explain the directions if the trust is a particularly complex one.

If the trust is a basic revocable living trust used to avoid having assets in the estate go through probate, duties are likely to be similar to those of a personal representative, also known as the executor. This is the person in charge of carrying out the directions in a last will.

A simple explanation of executor responsibilities is gathering the assets, filing tax returns, and paying creditors. The executor files for an EIN number, which functions like a Social Security number for the estate. The executor opens an estate bank account to hold assets that are not transferred directly to named beneficiaries. And the executor files the last tax returns for the decedent for the last year in which he or she was living, and an estate tax return. There’s more to it, but those are the basic tasks.

A person tasked with administering a trust for the benefit of another person must give great attention to detail. The instructions and terms of the trust must be followed to the letter, with no room for interpretation. Thinking you know what someone else wanted, despite what was written in the trust, is asking for trouble.

If there are investment duties involved, which is common when a trust contains significant assets managed in an investment portfolio, it will be best to work with a professional advisor. Investment duties may be subject to the Prudent Investor Act, or they may include the name of a specific advisor who was managing the accounts before the person died.

If there is room for any discretion whatsoever in the trust, be careful to document every decision. If the trust says you can distribute principal based on the needs of the beneficiary, document why you did or did not make the distribution. Don’t just hand over funds because the beneficiary asked for them. Make decisions based on sound reasoning and document your reasons.

Being asked to serve as a trustee reflects trust. It is also a serious responsibility, and one to be performed with great care.

Reference: nwitimes.com (July 18, 2021) “Estate Planning: Executors, executrix and personal representatives”

Suggested Key Terms: Personal Representative, Executor, Trustee, Investment Portfolio, Estate Planning Attorney, Principal, Beneficiary, Tax Returns, Fiduciary, EIN, Prudent Investor Act, Distribution

Does Your Estate Have to Go Through Probate?

Probate is a court-supervised process intended to ensure the validity of a lasts will and to protect the distribution of assets after a person has died. If there is no last will, probate still takes place, according to the article “Probate—Courts protecting you after death” from Pauls Valley Democrat.

Every estate that owns property must be probated, unless the title or ownership of the property has been transferred before the person died by gift, if the property is owned jointly with another person, or if it passes by direct beneficiary designation. If a person died without a last will, probate still takes place, but the guidelines used are those of the state law where the person died.

In all cases, it’s better to have a last will and to decide for yourself how you want your assets distributed. For all you know, your state law may give everything you own to an estranged third cousin and her children, who are perfect strangers to you.

If you don’t have a last will, which is referred to as dying “intestate,” the court decides who is going to serve as your administrator. This person will be in charge of distributing all of your worldly goods and taking care of the business part of settling your estate, like paying taxes, selling your home, etc. Without a last will, the court picks a person, and it might not be the person you would have wanted.

Here are the basic steps in probating an estate, once the probate petition is filed:

Initial hearing. This is where the court affirms its jurisdiction and identifies all known heirs, and the personal representative is identified.

Letters Testamentary. This document is issued to the personal representative. This is a judge signed document proving to others, like banks and investment custodians, that the personal representative is legally permitted to handle your property and act on behalf of your estate. It’s similar to a Power of Attorney.

Probate. This court process collects, identifies, and accounts for all assets of a decedent. The representative must be mindful to document any money going in and out of the estate during the administrative process.

Written notice must be given to all and any known heirs. This can lead to relatives and others believing they have a claim on your estate and to then challenge the provisions of your last will with the court.

Notice is also provided to creditors, who have at least 60 days after notice is provided to make a claim on the estate. This timeframe varies by jurisdiction. In some jurisdictions, these notices are published in local newspapers, once a week for two or more consecutive weeks. Once they receive fair notice, general creditors who fail to file a claim lose their right to ever file a claim on the estate.

An estate plan is created with an eye to minimizing taxes, maximizing privacy for the family and heirs, and transferring ownership of assets with as little red tape as possible. Failing to properly plan can lead to a probate taking months, and in some cases, years.

Reference: Pauls Valley Democrat (July 1, 2021) “Probate—Courts protecting you after death”

Suggested Key Terms: Probate, Power of Attorney, Letters Testamentary, Creditors, Will, Personal Representative, Intestate, Estate, Title, Ownership

How Do I Sell a Home in an Irrevocable Trust?

A trustee who sells a home in irrevocable trust for a parent who died should know that generally, assets transferred to an irrevocable trust will be deemed a completed gift and will not be included in an estate for estate tax purposes.

Lehigh Valley Live’s recent article entitled “What happens to tax on a home sold from a trust?” explains that this means there wouldn’t be a step-up in basis to the fair market value upon the decedent’s death.

Remember that an irrevocable trust is a type of trust in which its terms can’t be modified, amended, or terminated without the permission of the grantor’s named beneficiary or beneficiaries.

Irrevocable trusts have tax-shelter benefits that revocable trusts to don’t.

However, an irrevocable trust can be created so that the settlor (the creator) of the trust keeps certain rights and powers, so that gifts to the trust are incomplete.

In that instance, the assets are included in the settlor’s estate upon death and obtain a step-up in basis upon the decedent’s death.

If the trust sells the asset in the trust, the trust may need to file Form 1041, U.S. Income Tax Return for Estates and Trusts, and the trust may be required to pay a tax.

If the trust distributes any income to the beneficiaries in the same tax year it receives that income, the income is passed through to the beneficiaries, and the beneficiaries must report it on the beneficiaries’ individual tax returns (Form 1040) and pay any tax due.

It’s generally a good idea to report and pay tax at the individual rate instead of at the trust or estate level.

That’s because the trust or estate will begin to pay tax at the highest rate at only $13,150. In comparison, an individual doesn’t pay tax at the highest rate until his or her income exceeds over $440,000.

Note that an irrevocable trust is a more complex legal arrangement than a revocable trust. As a result, there might be current income tax and future estate tax implications when using this type of trust. It’s wise to seek the assistance of an experienced estate planning attorney.

Reference: Lehigh Valley Live (Aug. 16, 2021) “What happens to tax on a home sold from a trust?”

Suggested Key Terms: Estate Planning Lawyer, Inheritance, Asset Protection, Irrevocable Trust, Probate Attorney, Estate Tax, Unified Federal Estate & Gift Tax Exemption, Tax Planning, Financial Planning

What Not to Do when Creating an Estate Plan

Having a good estate plan is critical to ensure that your family is well taken care of after you are gone. Working with an experienced estate planning attorney remains the best way to be sure that your assets are distributed as you want and in the most tax-efficient way possible. A recent article titled “Estate Planning mistakes to avoid” from Urology Times looks at the fine points.

An out-of-date estate plan. Life is all about change. Your estate plan needs to reflect those changes. Just as you prepare taxes every year, your estate plan should be reviewed every year. Here are trigger events that should also spur a review:

• Parents die and can no longer be beneficiaries or guardians of minor children.
• Children marry or divorce or have children of their own.
• Your own remarriage or divorce.
• A significant change in your asset levels, good or bad.
• Buying or selling real estate or other large transactions.

Neglecting to update an estate plan correctly. Scratching out a provision in a will and initialing it does not make the change valid. This never works, no matter what your know-it-all brother-in-law says. If you want to make a change, visit an estate planning attorney.

Relying on joint tenancy to avoid probate. When you bought your home, someone probably advised you to title the home using joint tenancy to avoid probate. That only works when the first spouse dies. When the surviving spouse dies, they own the home entirely. The home goes through probate.

Failing to coordinate your will and trusts. All your wills and trusts and any other estate planning documents need to be reviewed to be sure they work together. If you create a trust and transfer assets to it, but your will states that the asset now held in the trust should be gifted to a nephew, then you’ve opened the door to delays, family dissent and possibly litigation.

Not titling assets correctly. How assets are titled reflects their ownership. If your home, bank accounts, investment accounts, retirement accounts, vehicles and other properties are titled properly, you’ve done your homework. Next, check on beneficiary designations for any asset. Beneficiary designations allow assets to pass directly to the beneficiary. Review these designations annually. If your will says one thing and the beneficiary designation says another, the beneficiary designation wins.

Not naming successor or contingent beneficiaries. If you’ve named a beneficiary on an account—such as your life insurance—and the beneficiary dies, the proceeds could go to your estate and become taxable. Naming an alternate and successor for all the key roles in your estate plan, including beneficiaries, trustees and guardians, offers another layer of certainty to your estate plan.

Neglecting to address health care directives. It may be easier to decide who gets the family vacation home than who will decide to keep you on or take you off life-support systems. However, this is necessary to protect your wishes and prevent family disasters. Health care proxy, advance care directive and end-of-life planning documents tell your loved ones what your wishes are. Without them, the family may be left guessing what to do.

Forgetting to update Power of Attorney. Review this critical document to be sure of two things: the person you named to manage your affairs is still the person you want, and the documents are relatively recent. Some financial institutions balk at older POA forms, and others will outright refuse to accept them. Some states, like New York, have changed POA rules to make it harder for POAs to be denied, but in other states there still can be problems, if the POA is old.

Reference: Urology Times (July 29, 2021) “Estate Planning mistakes to avoid”

Suggested Key Words: Estate Planning Attorney, Assets, Power of Attorney, Joint Tenancy, Health Care Directives, Beneficiaries, Will, Trusts, Successor, Surviving Spouse, Probate, POA

When to Use a QTIP Trust

Using trusts in an estate plan protects assets and financial legacies, explains Yahoo! Finance in a recent article titled “How Does a QTIP Trust Work? Married couples often use a QTIP trust to allow the grantor, the person creating the trust, to set aside assets for their spouse and establishing some control over the assets after the grantor has passed.

If you are concerned about what might happen to your spouse after you have died, a QTIP can provide some reassurance.

What is a Qualified Terminable Interest Property Trust? A QTIP lets one spouse provide income for another and can be used to pass assets to other beneficiaries, including children. The QTIP has some similarities to a marital trust, which is also used to hold assets belonging to a spouse. However, the marital trust is not as restrictive as a QTIP. When the grantor of the QTIP dies, their assets are transferred into the trust, which then provides income for the surviving spouse.

How does a QTIP Trust Work? QTIPs are types of irrevocable trusts. Once assets are transferred to the trust, in most cases, the transfer can’t be reversed. This is especially useful for second marriages, where there are children from a prior marriage. The QTIP allows the grantor the ability to provide for their second spouse and protect children from the previous marriage.

Assets can be transferred to the QTIP when it is created, or they can be transferred at the time of death. Usually this is done through the creation of a separate will.

You’ll need to name a trustee for the QTIP, who will manage the trust and oversee distributions. You should also name a successor trustee, in case the original trustee cannot serve.

The spouse of a grantor is considered a lifetime beneficiary, as they may draw on the trust income as long as they are living. When the surviving spouse passes, the people who receive the assets left in the trust, or “remainder,” are known as “remainder beneficiaries.” They may be children from a prior marriage, or anyone else named by the grantor.

The surviving spouse benefits from the QTIP because it provides an income stream. Assets held in a QTIP may be investment properties and taxable investment accounts. The estate benefits from the QTIP because assets qualify for the marital deduction and are excluded from the estate at the grantor’s death. When the surviving spouse dies, the QTIP trust is dissolved, and assets are passed to remainder beneficiaries. At this point, assets in the trust are included in the surviving spouse’s estate for estate tax purposes.

A QTIP, and the separate will for it, should be established with an estate planning attorney to ensure it works with the rest of your estate plan. This is especially important when there are children from second marriages in the family.

Reference: Yahoo! Finance (July 30, 2021) “How Does a QTIP Trust Work?

Suggested Key Terms: Qualified Terminable Interest Property Trust, QTIP, Beneficiaries, Marital, Surviving Spouse, Grantor, Remainder, Assets, Estate Planning Attorney, Second Marriages

How to Keep the Vacation Home in the Family

There are several ways to protect a vacation home so it remains in the family and is not overly burdensome to any one member or couple in the family, according to the article “Estate planning for vacation property” from Pauls Valley Daily Democrat.

To begin, families have the option of creating a legal entity to own the asset. This can be a Family LLC, a partnership or a trust. The best choice depends upon each family’s unique situation. For an LLC, there needs to be an operating agreement, which details management and administration, conflict resolution, property maintenance and financial matters. The agreement needs to include:

Named management—ideally, two or three people who are directly responsible for managing the LLC. This typically includes the parents or grandparents who set up the LLC or Trust. However, it should also include representatives from different branches in the family.

Property and ownership rules must be clarified and documented. The property’s use and rules for transferring property are a key part of the agreement. Does a buy-sell agreement work to give owners the right to opt out of owning the property? What would that look like: how can the family member sell, who can she sell to and how is the value established? Should there be a first-right-of refusal put into place? In these situations, a transfer to anyone who is not a blood descendent may require a vote with a unanimous tally.

There are families where transferring ownership is only permitted to lineal descendants and not to the families of spouses who marry into the family.

Finances need to be spelled out as well. A special endowment can be included as part of the LLC or as a separate trust, so that money or investments are set aside to pay taxes, upkeep, insurance and future capital requirements. Anyone who has ever owned a house knows there are always capital requirements, from replacing an ancient heating system to fixing a roof after decades of a heavy snow load.

If the endowment is not enough to cover costs, create an agreement for annual contribut6ions by family members. Each family will need to determine who should contribute what. Some set this by earnings, others by how much the property is used. What happens if someone fails to pay their share?

Managing use of the property when there is a legal entity in place is more than a casual “Who calls Mom and Dad first.” The parents who establish the LLC or Trust may reserve lifetime use for themselves. The managers should establish rules for scheduling.

For parents or grandparents who create an LLC or Trust, be sure it works with your estate plan. If they intend to keep the property in the family and wish to leave a bequest for its maintenance, for instance, the estate planning attorney will be able to incorporate that into the LLC or Trust.

Reference: Pauls Valley Democrat (July 29, 2021) “Estate planning for vacation property”

Suggested Key Terms: Family LLC, Partnership, Trust, Vacation Home, Generations, Transferring Property, Buy-Sell Agreement, Inheritance, Lineal Descendants, Endowment

What You Need to Know about Probate

We often read about celebrities who die without an estate and how everything they own must go through probate. The article titled “What to know about probate” from wmur.com explains what that means, and what you need to understand about wills, probate and estate planning.

Probate is a process used to prove that a person’s will is valid and to supervise how their estate is handled. It involves a court that focuses on this area. Much about the process depends upon the state in which it’s taking place, since these laws vary from state to state.

When someone dies without a will, they have failed to provide instructions for the distribution of their property. Their assets will still be distributed, but the laws of the state will determine what happens next. The state follows intestacy laws, which outline pre-set patterns of distributing property. In one state, property will go to the spouse and children. In others, the spouse may get everything.

Other decisions are made for your family when there is no will. If you have not named an executor, the court will appoint someone to oversee your estate. The court will also appoint a person to raise your children, if no guardian has been named for minor children. A family member may be chosen, but it may not be the family member you wanted to raise your kids, or it may be a stranger in a foster home.

Another reason to have a will is that probate can take a few months, or, depending on where you live, a few years, to complete. If there is litigation, and not having a will makes that more likely, it would take longer and will undoubtedly cost more. While this is going on, assets may lose value and heirs may suffer from not having access to assets.

Probate is also costly. There are legal notices to be published, court fees, executor fees and bond premiums, appraisal fees and attorney expenses.

Having an estate plan also means tax planning. While the federal estate tax as of this writing is $11.7 million per individual, it will not be that high forever. If the proposals to lower the federal estate tax to $3.5 million per person come to pass, will your estate escape estate taxes? What about your state’s estate or inheritance taxes?

Probate is also a very public process. Once a will is admitted as valid by the court, it becomes a public document. Anyone and everyone can view it and learn about your net worth and who got what.

With all these drawbacks, are there good reasons to allow your estate to go through probate? In some cases, yes. If multiple wills have been found, probate will be needed to establish which will is the correct one. If the will is confusing or complex, probate could provide the clarity needed to settle the estate. If beneficiaries are litigious, probate may be the voice of authority to quell some (but not all) disputes. And if the estate has no money and a lot of debt, it may be the probate court that sorts out the situation.

Every estate is different. Therefore, it is important to speak with an estate planning attorney to have a will, power of attorney and any health care directives created and properly executed. Every few years, these documents should be reviewed and revised to keep up with changes in the law and in your personal life.

Reference: wmur.com (July 29, 2021) “What to know about probate”

Suggested Key Terms: Probate, Estate Planning Attorney, Will, Guardian, Foster Home, Heir, Beneficiaries, Litigation, Minor Children, Court, Intestacy Laws

How Does a Breakthrough COVID Infection Feel?

As the contagious delta variant continues to thrive, more vaccinated Americans are developing “breakthrough infections.” These occur two weeks or more after completion of their vaccine regimen. No one knows exactly how often this is happening, because many breakthrough cases are completely asymptomatic and because the Centers for Disease Control and Prevention (CDC) has stopped tracking them, unless they lead to hospitalization or death.

AARP’s article entitled “This Is What a Breakthrough COVID Infection Feels Like” says that what’s likely different is the severity of symptoms. While a very bad headache, a very bad sore throat, or very bad gastrointestinal issues might be evidenced in the person who’s unvaccinated, those same symptoms would be less intense in a person who is vaccinated.

In fact, the overwhelming majority of serious cases around the U.S. are happening in unvaccinated people, with less than 1% of fully vaccinated people hospitalized with or have died from COVID-19. Older adults are roughly three-quarters of the small percentage of serious cases.

If you are suffering from cold-like symptoms that might signal COVID-19, the CDC recommends you get tested — even if you’ve been vaccinated. (The CDC also now recommends you get tested if you’re vaccinated but have had known exposure to someone with suspected or confirmed COVID-19.)

While the official list of COVID-19 symptoms is long, the Zoe COVID Symptom Study — an app-based study that’s been collecting data from millions of global contributors — recently released a list of the top five symptoms users have experienced and organized them based on vaccination status. They say that headache was the most common symptom, for both vaccinated and unvaccinated people. Sore throat also made the list, as well as a runny nose. However, fever was first only among those who were unvaccinated. Sneezing made the list only for those who were fully or partially vaccinated.

“I have not heard that sneezing is common with breakthrough cases, but overall, I would say that the vast majority of breakthrough infections, if symptomatic, are much milder in vaccinated persons,” says Kristin Mondy, M.D., associate professor and chief of the infectious diseases division at the Dell Medical School at the University of Texas at Austin.

While the notion that you could still get COVID-19 post-vaccination might be unsettling. The vaccines never promised 100%, but they still come pretty darn close.

“The vaccine is safe and overall, incredibly effective — at least 88 percent against the newest delta variant, [and] the risk of serious disease is very, very low for an average individual who has received a COVID-19 vaccine compared to those who are unvaccinated,” says Mondy. “I can’t stress enough that if everyone does their part and gets vaccinated, then we can achieve herd immunity and prevent the spread of new variants [as well as protect] vulnerable populations.”

Reference: AARP (Aug. 3, 2021) “This Is What a Breakthrough COVID Infection Feels Like”

Suggested Key Terms: Elder Care, COVID-19 (coronavirus), Senior Health

What Happened to Charlie Daniels’ Estate?

Billboard’s recent article titled “How Charlie Daniels’ Family and Team Are Locking In His Legacy” explains that before that could happen, though, Daniels suffered a hemorrhagic stroke on July 6 and died later that day in a Hermitage, Tennessee hospital. Now, a year later, Charlie Daniels Jr., the singer’s only child is planning to preserve the artistic legacy of the country legend. The country singer did have a last will, and he was also survived by his wife, Hazel. Nonetheless, he hadn’t done much estate planning.

“He was champing at the bit to get back on the road,” remarked Charlie Daniels Jr., who worked for his father for 20 years. “We had no idea this was coming,” says Daniels Jr. “After the initial shock, we had to start trying to sort through it all.”

The review of the Daniels estate includes combing through his holdings, such as music royalties, recordings, instruments and equipment for tax evaluation. “There’s a lot of work to be done,” says David Corlew, who worked with Daniels since 1973, managed him since 1989 and had run Blue Hat Records with him since 1997. “It took us 50 years to build what Charlie represented, so we’re not going to unravel it anytime soon.”

Charlie Daniels was best known for his dynamic fiddle playing and Southern rock barnburners like “The Devil Went Down to Georgia” (his only No. 1 hit on Billboard’s country chart), “The South’s Gonna Do It Again,” and “Long Haired Country Boy.” However, he was also a top-notch musician who played on Bob Dylan’s Nashville Skyline album and toured with Leonard Cohen.

Blue Hat has released Duets, Daniels’ first posthumous collection. This album combines the 2007 album Deuces—which included collaborations with Dolly Parton, Darius Rucker, and Brad Paisley—with previously released duets, including one with Garth Brooks. “Charlie always liked dedications on every album,” says Corlew, “and we decided we would dedicate this one to the greatest duo of all — him and Hazel.”

Corlew estimates that the singer’s vault contains at least 40 master recordings, including multiple previously unreleased tracks, that he owned, as well as decades’ worth of Volunteer Jams, the now-legendary concerts Daniels hosted from 1974 to 1996 at various venues around Nashville and starred a wide range of artists, from Billy Joel and James Brown to Don Henley and John Prine.

Daniels Jr. is also working with Sony to release or reissue recordings from Daniels’ 1975-91 tenure on Epic Records, especially Honky Tonk Avenue, an unreleased concept album Daniels recorded in 1984, when he was moved from Epic in New York to the company’s Nashville division. “The powers that be in Nashville didn’t think it was commercial country enough,” says Daniels Jr.

The younger Daniels has also set up Charlie Daniels Brands to house licensed product partnerships, including a line of meats from Tyler County Market that launched shortly after his dad’s death.

“Some people saw it as ‘They’re just trying to capitalize on Dad’s death,’ not knowing you can’t put a deal like this together overnight,” says Daniels Jr. “It had been going for years.”

Daniels’ estate also closed the singer’s touring operation, laying off 25 staffers and it’s in the process of selling some of his work and personal items through a music memorabilia.

“We have 4,000 pieces of equipment we need to sell, but it’s hard for me to walk into that studio,” says Corlew. “It’s heart- tugging. There’s this sentimental aspect to every part of this wind-down. Everywhere you look, there’s Charlie.”

Reference: Billboard (June 24, 2021) “How Charlie Daniels’ Family and Team Are Locking In His Legacy”

Suggested Key Terms: Estate Planning, Wills, Probate Court, Probate Attorney