Protecting Your Interests With A Will
A will allows you to decide what will happen to your money and your assets after you pass on. Unfortunately, many people do not understand the value of having an updated, thoughtfully drafted will. No matter what your income level or your assets, there is significant benefit in taking this first step in the estate planning process.
If You Do Not Make A Plan, The State Will
Dying without a will can bring significant complications to your loved ones. It also means the intestacy laws of the state of Tennessee will dictate how your assets are divided. You worked hard to build your wealth, and we believe that you have the right to decide what happens to it. The experienced estate planning attorneys at the Cleveland-based Miller Law Firm can help you draft a will and a complete estate plan that suits your unique needs.
The First Steps In Your Estate Plan
Having a will is the most basic step in any estate plan. Depending on the nature of your estate and the specific objectives you have for your wealth and your assets, a simple will may be sufficient to protect your interests for your loved ones. However, for more complex estates, we can inform you of the various ways a will can compliment other estate planning tools such as powers of attorney, living wills and specific types of trusts.
We can evaluate your entire situation, helping you identify the most appropriate strategy for drafting a thoughtful will. From standby provisions in your will to caring for your pets, we believe in helping each client lay the foundation for a strong future through a complete estate plan.
An Estate Planning Team That Cares
We sincerely care about the well-being of every client who turns to our law firm for estate planning assistance. We believe in results that matter and solutions that last, and our goal is to help you understand all of the options available to you. Our founding attorney Jeff Miller and the rest of our team can remove the stress from this complex process and help you feel confident about your future.
Tennessee Wills: Answers To Frequently Asked Questions
Creating a sound will is crucial in making certain your assets are distributed according to your wishes and your loved ones are secure after your passing. However, it is natural to have questions or concerns when creating a will, especially when you care about making your final plans strong and legally valid. The answers to these common questions can offer guidance.
When should you change your will?
You should consider updating your will whenever you experience a significant life event, such as marriage, divorce, the birth or adoption of a child, or the death of a beneficiary or executor. Additionally, changes in financial circumstances, such as acquiring or selling major assets, or changes in tax laws, may also warrant a review of your will.
Generally, you should review and update your will at least every three to five years. This can help you feel confident that it remains aligned with your current wishes and circumstances.
Can I write my own will, or do I need a lawyer?
While it is possible to write your own will, it is highly recommended to consult with an experienced attorney. Tennessee law has specific requirements for a will to be valid, including proper witnessing and adherence to state statutes. A lawyer can help you craft a legally sound will, reducing the risk of disputes or invalidation during probate.
What are common mistakes to avoid when creating a will?
Frequent missteps include using vague or unclear language and not accounting for debts or nontransferable assets.
Other errors include neglecting to name a guardian for minor children or an executor for your estate. If you do not designate an executor, your final wishes may not be carried out per your instructions. A skilled attorney can help you avoid these pitfalls, resulting in a will that reflects your intentions.
Are electronic wills legal in Tennessee?
The recognition of electronic wills in Tennessee is nuanced. While the state allows electronic signatures on wills, it does not have specific legislation addressing electronic wills as a distinct category.
This means that they can be valid if they meet the requirements under Tennessee law, such as being signed and witnessed properly. However, electronic wills may face additional scrutiny during probate, particularly if someone contests the will.
Schedule Your Free Initial Case Evaluation
You can learn more about the types of wills and your estate planning options by reaching out to our team for a free initial case evaluation with one of our lawyers. Schedule yours by calling 423-464-6852 or completing our contact form.