Franklin & Williamson County, TN Wills and Trusts Lawyer
Our Experienced Franklin Attorneys Help You Plan for Your Future
Making a plan for what will happen to your estate when you are no longer around to manage it can be uncomfortable; no one wants to think about his or her own demise. Creating an estate plan that includes a will and trust can also offer peace of mind. When you make a plan for your estate and your beneficiaries, you have the comfort of knowing that your affairs will be handled in a manner that you see fit. To advise you during the process and handle all of the legal elements, call our Franklin and Williamson County, TN wills and trusts lawyer today.
What is a Will?
A will is a legal document that goes into effect at the time of your death, but can be changed at any point prior to that time. A will mainly addresses how your assets will be divided at the time of your death and can name any beneficiaries you choose. You can also use a will to leave money to charity, detail how you want your debts to be paid, leave instructions for managing or dissolving a business, and even name a guardian for a minor child.
What is a Trust?
A trust is a type of legal arrangement by which assets are held in a “trust” by a trustee and then distributed by the trustee to beneficiaries. There are multiple types of trusts, with each offering unique benefits. One of the biggest advantages to having a trust is that assets in a trust do not pass through probate.
The Benefits of Creating Wills and Trusts
As stated above, creating a will, a trust, or both can provide peace of mind and comfort in knowing that your estate will be settled according to your wishes. In addition to this, it is also important to know that if you do not have a will or have your assets in a trust, your estate will be subject to Tennessee intestacy laws. These laws outline who gets what after a death in the event that there is no will. Other benefits include mitigating disputes between surviving beneficiaries and potential tax benefits.
Work With a Williamson County Estate Planning Lawyer
We know that you may not be eager or ready to sit down and discuss what will happen to your estate at the time of your death. While it is unfortunate to think about, accidents and tragedies can strike at any moment; you need to be prepared for the unexpected.
Our Franklin and Williamson County estate planning lawyers will help you to understand all of the elements of an estate plan, including the importance of wills and trusts. We provide sound legal advice to assist you in creating the best plan for you and your loved ones.
To schedule a consultation with our law office today, please call us now or send us a message at your convenience. Your initial consultation is offered free of charge.