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Tennessee Estate Planning
Estate planning gives you greater control over your legal, financial and medical affairs while you're alive. It also helps you control the distribution of your assets after you pass away, and can help minimize federal and Tennessee estate taxes. An estate planning attorney can help assess your estate planning needs and recommend legal documents and tools that would be appropriate for you.
Wills, Power of Attorney & Advanced Directives
The last will and testament is the best-known of all estate planning tools, but it's not the only estate planning document you should have. Let's look at the most common estate planning tools:
- The last will and testament is used to explain how you'd like your estate (assets, real estate and personal possessions) distributed after your death. It is also used to name an executor to manage your estate and carry out the instructions in your will after your death, and to appoint a legal guardian for your minor children.
- A financial power of attorney (POA) lets you authorize an attorney in fact to handle certain legal and financial tasks on your behalf. The POA can be very limited in scope (for example, empowering someone to sign one legal document on one day) or very broad (giving your attorney in fact the ability to access your financial accounts, pay bills and sign contracts in your name).
- Advanced directives are medical-related estate planning documents. The healthcare power of attorney lets you name a surrogate to make medical decisions for you if you're incapacitated and unable to communicate. The living will is used to explain your end-of-life treatment preferences and wishes.
Your estate planning lawyer can help evaluate your needs and suggest estate planning strategies and documents that are right for you.
Find & Hire Local Tennessee Estate Planning Attorneys
Fill out the form on this page or call Attorneys.com at 877-913-7222 for assistance locating estate planning lawyers and probate attorneys in your area. Whether you live in Nashville, Memphis, Chattanooga or elsewhere in Tennessee, Attorneys.com can help you quickly connect with lawyers in your area. Once you answer a few basic questions, our free, no-obligation lawyer referral service will match you with local lawyers.