The administration of your estate should not be a burden on your loved ones.
A proper estate plan can protect your assets from creditors and minimize taxes so you can leave more to your family.
You decide who gets your property no matter where the property is located.
Guardianship of your minor children is a critical factor in your estate plan.
Planning for incapacity is equally important as the Will or Trust itself. Plan for who can take care of you and your things during times of incapacity.
No one likes to pay taxes, and a properly executed estate plan can help to minimize the money left to Unlce Sam.
A legal document that expresses a person's wishes as to how their property is to be distributed after their death and as to which person is to manage the property until its final distribution.
A testamentary document wherein the writer of a will creates a trust, and decrees in the will that the property in his or her estate at the time of his or her death shall be distributed to the Trustee of the trust.
Mirror wills are based on the idea that married couples will likely have the same wishes regarding their estate. No matter which spouse dies first, the estates are handled the same way. The basic structure of a mirror will is similar to an individual last will.
A legal guardian is a person who has been appointed by a court or by a will to care for the personal and/or property interests of another person.
An executor is someone who is responsible for executing or following through on, an assigned task or duty in a will.
A revocable living trust is a trust document created by an individual that can be changed over time. Revocable living trusts are used to avoid probate and to protect the privacy of the trust owner and beneficiaries of the trust as well as minimize estate taxes.
A Tennessee Community Property Trust is a type of revocable trust that is designed to minimize capital gains tax for assets that have appreciated substantially at the death of a spouse.
A Tenants by the Entirety Trust is a joint trust for a married couple that provides the same protection from the claims of the separate creditors of the husband and wife as would exist if the husband and wife owned the trust assets directly as tenants by the entirety.
A disclaimer trust is a type of trust that contains provisions allowing a surviving spouse to put specific assets under the trust by disclaiming ownership of a portion of the estate.
A bypass trust is an irrevocable trust into which the settlor deposits assets and which is designed to pay trust income and principal to the settlor's spouse for the duration of the spouse's life.
A Charitable Remainder Annuity Trust is a tool that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor's specified beneficiary.
Probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled.
Trust Settlement is the process of settling an estate through a trust in addition to or rather than a will.
We begin by having a free consultation to learn about your needs and goals.
We work with you to design a specific estate planning strategy that is customized to your unique circumstances.
We develop estate planning documents that you can confidently rely on.
We assist in you in the work required to carry out your estate plan. This involves, amount other things, ensuring the documents are executed correctly, assets are titled correctly and beneficiary assignments are correct.
Life changes and your estate plan should keep up. We offer annual reviews of your estate plan to ensure your plan stays insynch with your current situation.
If this sounds like the approach you’re looking for, why not contact us for a free consultation to discuss your particular planning needs and goals? We welcome the opportunity to meet you and get to know one another. We can meet in person at our office or virtually.