Nobody wants to think about how they won’t be here one day and what their family will do when they’re gone. While thinking about the future is difficult for many, it’s something none of us can put off. Everyone needs to have a will, and it’s better to create yours sooner rather than later. However, you might not know what you need to do to create valid wills in Tennessee. To ensure your will is created properly, you’ll need an experienced estate planning attorney to help prepare the document
At Tressler & Associates, we know that planning for the future can be overwhelming, and it can often seem like it isn’t necessary just yet. Creating your will today will only make things easier for you and your loved ones later on, and we’re here to help.
A will is a legal document where you state your wishes for how you want your assets to be distributed after you pass. You can decide who your beneficiaries are and what assets they are to receive from your estate. Additionally, if you have minor children, you can also use your will to state your wishes for how you want them to be cared for.
There are several types of wills, including:
If you’ve over 18, you should have a will that you update following major life events. A will gives you control over your assets and how you want them to be distributed. You’ve worked hard for everything you have, and you want to see that it gets passed on to the right people. If you die before you’ve had the chance to create a will, Tennesse’s intestate succession laws will dictate how your assets are distributed. This can mean someone getting your most prized possessions when you didn’t want them to, while other loved ones you wanted to receive something will not get anything from your estate.
Not only will having a will give you comfort in knowing that your assets will one day be cared for the way you wanted, but this will also make it easier for your loved ones. Not leaving behind properly executed estate plans can lead to fights and disputes between family members and other loved ones. This can also happen if there are issues with your will that an estate planning lawyer could have helped prevent. There’s no reason to create additional stress for your loved ones when you can provide them with instructions on how you want your estate to be handled.
You will need to choose an executor to be in charge of your estate after you pass. This is the person who will handle all of your affairs and ensure that assets are distributed according to the will. This can be a loved one, such as your spouse or a family member, as well as a lawyer. If you have minor children, you also need to include who you wish to be their guardian.
Your will should continue information regarding all of your assets. This includes bank accounts, stocks, bonds, and business ownership. Property owners will need to include all of the real estate, such as homes, buildings, and land. If you have other property that’s important to you, such as a car, jewelry, or collectibles, you may also include it in your will.
Some may also provide instructions in their will regarding their burial and funeral arrangements.
Don’t take the risk of not creating your will when you have the chance. You also don’t have to do this alone and risk making a mistake that can make things harder for your loved ones in the future. Tressler & Associates has vast experience helping people create wills in Tennessee and other estate planning documents that can help them be prepared for the future. We know that this can be difficult, but we’ll give you the compassion and assistance you need to make writing your will easier.
Contact us today to get started writing your will or to discuss any estate planning questions you may have.
If you are in need of legal services, our team of experienced attorneys is here to help! If you need a lawyer now or are just in need of general counsel, we are happy to discuss your needs with you.