Trusted Guidance For Your Tennessee Will And Trust Needs

In the modern world, it is vital to have a comprehensive estate plan that protects your assets and loved ones. However, determining your needs and implementing the proper tools is complicated.

At Capps & Byrd LLP, our experienced Morristown estate planning lawyers can offer guidance. Since 1952, our firm has been a trusted adviser for Tennessee families with much to protect. Rooted in the community, we pride ourselves on personal service and tailored solutions to meet your unique needs.

You Still Need A Will In The Modern World

Many believe wills no longer have a place in contemporary estate plans, but these documents offer advantages that cannot be overlooked. In addition to specifying your property distribution wishes, a will allows you to name guardians for minor children and appoint an executor to manage your estate.

In Tennessee, the requirements for a legal will include:

• The testator must be aged 18 or older and mentally competent
• The will must be in writing and signed by the testator
• Two disinterested parties must observe the will’s execution and sign as witnesses

These requirements ensure that your will is legally binding and reflects your true intentions.

Types Of Trusts That Enhance Your Estate Plan

Trusts can complement your will and existing estate documents, providing additional layers of protection and adaptability. Different trusts serve various purposes. Some examples include:

• Special needs trust: Covers future expenses for a special needs family member without affecting their eligibility for government benefits
• Living trust: Allows you to manage your assets during your lifetime and specify how they should be distributed after your death
• Pet trust: Provides funds to address the continued care of your pets after you are gone

Trusts can be either revocable or irrevocable. Revocable trusts can be altered or revoked during your lifetime, offering flexibility. Irrevocable trusts cannot be changed once established, providing stronger asset protection.

Call For Swift Guidance

Contact us at 423-616-1921 to strengthen your Morristown estate plan. Our bilingual attorneys have the knowledge, skill and focused experience to meet your Tennessee estate planning needs. Hablamos español.