Are you living in Tennessee and just beginning the work of writing your will? Are you also considering the advantages and disadvantages of a living trust? While the internet can be a valuable source of information it is also wise to consult with a Tennessee living trust attorney.
Are you living in Tennessee and just beginning the work of writing your will? Are you also considering the advantages and disadvantages of a living trust? While the internet can be a valuable source of information it is also wise to consult with a Tennessee living trust attorney.
Avoiding costly and time consuming probate court is
the number one reason more and more people are creating living
trusts. State laws governing probate court are all a little
different. Regardless of whether you live in Memphis, Jackson or
Knoxville the same state laws will affect you and nobody knows them
better than a Tennessee living trust attorney.
Another reason
for creating a trust is so that your heirs will not have to pay an
estate tax when you pass away. In most cases this only applies to large
estates, valued at over a million dollars, but it is still worth
discussing with your estate planning attorney.
A carefully created trust may keep your property outside of Tennessee from having to go through probate court in various states. This might be a real time and money saver for your beneficiaries. A living trust can also be an effective vehicle to keep family members from fighting over your assets when are gone. These are just a few things that should be discussed with your attorney.
While we strongly recommend having all of the paperwork prepared by an attorney, there are ways of creating simple trusts on your own. Websites such as Legal Zoom and NOLA provide valuable information. All the forms, books and software needed to write your own living trust are available.
So
many laws and different forms of government come into play when you
pass away. A Tennessee living trust attorney should be able to structure
a living trust that will take advantage of the laws and make things as
easy as possible for your beneficiaries. Legal Match
is an organization that specializes in finding the right attorney for
your needs, one that can help you with your estate planning.
We'd love to hear your comments or opinions. Submit them here and other visitors can read them and comment on them. An e-mail address is not required.
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