Many people procrastinate solidifying their estate plans most commonly because of the level of emotional difficulty that comes with conversations surrounding death. However, everyone needs to have their estate plans in order, regardless of their age and health. You want to know that your assets are distributed the way you want, and you don’t want your loved ones to take on this burden themselves. Wills and trusts help ensure your assets are distributed the way you want. Planning your estate can be difficult, which is why you shouldn’t risk doing it on your own. At Tressler & Associates, PLLC, our Tennessee will and trust attorneys will guide you through this process to help ensure that your wishes for the future will be followed.
Tressler & Associates, PLLC provides various estate planning services for those in Nashville, Lebanon, and the surrounding areas. While this includes assisting with wills and trusts, our estate planning lawyers can help with all estate planning matters. Planning for life after you pass is important, but so is having a plan for what will happen if you’re ever unable to care for yourself. We can help you establish advance directives and a living will so that you may have control over who makes your important medical decisions for you.
Estate planning can vary depending on your needs, and Tressler & Associates, PLLC is prepared to help your unique situation. This includes those in need of business succession plans and those who might have more complicated estate plans, such as those with blended families and second marriages. We can also assist with guardianships and conservatorships for those who require them.
A will is a legal document where you state your intentions for your assets after you pass away. In addition to detailing how you would like your assets distributed, those with minor children can state in their will who they want to be left in charge of caring for them. There are several types of wills in Tennessee, and which one is right for you will vary depending on your needs and plans for the future.
As there are different types of wills available, you want to be sure you’re choosing the most beneficial type of will for you and your loved ones. Likewise, you want to ensure that your will is created correctly and there are errors that can prevent it from being executed after your passing. Working with an experienced will lawyer helps ensure that your wishes are followed through in the future.
A trust is another legal document that you can create to distribute assets upon your passing. When you create a trust, a third party of your choosing, known as the trustee, manages your assets for the beneficiary. While wills go into effect after you pass away, trusts go into effect upon creation. A trust can provide more security and control over assets, avoid probate, help save money on estate taxes, making them a beneficial addition to many people’s estate plans. If you aren’t sure what a trust can do for you, a trust attorney can help discuss the benefits.
As with wills, there are many types of trusts in Tennessee, and how each one works varies. Choosing the right trust and creating it properly can be complicated, especially for those with large estates. This is not something you should try to do on your own, and working with a trust attorney ensures that you have the guidance you need to ensure everything needed for your trust is in order.
We know how difficult it can be to plan for the future. However, ensuring your loved ones have instructions for how your assets are to be passed is extremely important. At Tressler & Associates, PLLC, our Tennessee will and trust lawyers can help you establish the appropriate will, trust, or both, so that your loved ones have reliable plans to follow and your assets end up in the right hands.
Tressler & Associates, PLLC helps residents in Nashville and Lebanon plan their estates. If you have any questions or are ready to start the estate planning process, contact our will and trust attorneys for assistance today.
A Healthcare Durable Power of Attorney is an important document for everyone to have. It’s also sometimes called a Healthcare…Continue reading
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