An Experienced Family-Run Firm To Help With Your Sevierville Estate Matters
We all have wishes that we likely want carried out in the event of our death – regardless of age, marital status, wealth, occupation or any other reason. Perhaps we own a family heirloom and want to make sure it passes on to a beloved family member. Maybe we want to establish a trust to make sure certain assets pass on to our children. Or, maybe we simply want to make sure our specific funeral or burial wishes are carried out in the event we pass away. The list is endless.
If you need help making arrangements regarding your estate, the family-run law firm of White & White, Attorneys at Law, can help.
Wills And Trusts
The lawyers at the firm have been handling many types of legal matters together as a family for over 10 years, helping individuals throughout Sevierville and the rest of Sevier County, Knox County, Blount County and the surrounding counties in Eastern Tennessee find the best solutions for their legal needs.
The lawyers often assist with estate planning documents, such as wills, or documents that outline instructions on what should happen to your property and other final wishes. They also assist with the preparation of trusts, or legal arrangements that hold assets for a beneficiary that will be managed by a named trustee.
We understand that circumstances can change rapidly, often requiring an update to your existing plan. The firm can assist with modifying wills and trusts, particularly after a life event such as a divorce. We also provide diligent representation should a dispute, like a will contest, arise concerning the validity of a document. Our family-run firm is ready to help your family ensure your last wishes are properly protected.
Common Questions About Estate Planning In East Tennessee
We know that many questions arise when considering your future and the financial security of your family, and we are here to provide clear legal guidance. Our estate planning lawyers have answered some frequently asked questions below.
What makes a will legally valid in Tennessee?
A will must meet specific legal requirements to be valid and enforceable under Tennessee law. Generally, it must be in writing and signed by the testator, the person making the will or another person signing in the testator’s presence and direction. The signing must be witnessed by two credible individuals who are not beneficiaries and who sign the document in the testator’s presence.
What is the primary benefit of establishing a trust?
A trust is a valuable tool used to manage and transfer assets while avoiding the often time-consuming and public probate process. Establishing a trust allows you to specify conditions for how and when your assets are distributed to beneficiaries. Trusts offer greater control over your wealth and can provide certain tax benefits and protection for minors or individuals with special needs.
What happens if I pass away without a will?
If you die without a valid will, your estate is considered “intestate” under Tennessee law. The state’s laws of intestate succession will dictate who inherits your property and assets. These rules follow a fixed hierarchy, usually prioritizing a surviving spouse and children, which may not align with your personal wishes. Drafting a will ensures your intentions are honored.
How does my estate plan help my family with the probate process?
A thorough estate plan, including a well-drafted will, greatly simplifies the process of probate administration for your surviving family members. It clearly designates an executor to manage the estate, names beneficiaries and outlines your specific wishes regarding asset distribution and debt settlement. This planning can reduce confusion and potential estate litigation, allowing for a smoother, quicker resolution of the estate.
Let Our Family Help Yours Manage Estate Planning Concerns
Preparing for the future can feel daunting, but having a comprehensive estate plan provides peace of mind. Let our family-run firm put our experience to work to protect your family’s legacy. If you have a family member who lived in Tennessee and has passed away, the lawyers at White & White, Attorneys at Law, can assist.
Reach out to our attorneys and staff. Call White & White, Attorneys at Law, at 865-622-7768 or complete this online contact form to book an appointment. Free consultations offered. Credit cards accepted.