Collierville Attorneys Provide Detailed Advice on Trusts and Estates
Tennessee law firm assists clients with all estate planning options
Developing an effective estate plan is not just a smart financial move, but a way to ease the burden on your family after you are gone. The Collierville Law Firm helps Tennessee clients formalize their final instructions so that their heirs will receive everything they are entitled to without any undue taxes, hassle or expense. Our attorneys work closely with individuals and families to build comprehensive estate solutions tailored to their goals and values. For many clients, shifting property into a living trust is a good way to handle the transfer of assets while maintaining control over them for the rest of their life. No matter how large or complex your estate might be, our firm will detail the advantages of trusts, wills and other options, so you can execute a strategy that suits your individual needs.
Established lawyers create trusts to help clients achieve their financial objectives
Tennessee law is very accommodating to those looking to establish trusts. Our attorneys are happy to explain each aspect of these estate planning instruments by covering areas such as:
- Establishment — Creating a living trust means that you are moving the ownership of property to a legal entity that is controlled by a trustee. Management of the assets is governed by terms that you set. You can act as trustee over the property until your death, when a successor trustee distributes the assets to beneficiaries according to your instructions.
- Avoidance of probate — As you have already shifted what you own into the trust, probate procedures are not required in order to transfer ownership to your beneficiaries. This means that loved ones can benefit from what you have left them without going through the time and expense of probate.
- Privacy — If you are concerned about the public administration of your final instructions, trusts can perform the same function without the need for filing detailed wills and property inventories with the court.
In a free initial consultation, we can outline how trusts might help you achieve your specific estate planning objectives.
Skilled counselors formulate complete plans using wills and other devices
Even if you choose to disperse your property through one or more trusts, a will is still an important part of a comprehensive estate plan. Certain assets might not be transferred into a trust at the time you die, so a will ensures that those items are distributed according to your wishes rather than the state’s intestacy laws. Our wills and probate attorneys can prepare and coordinate both types of instruments to ensure that every part of your estate is transferred according to your directions.
Contact a knowledgeable Tennessee estate planning attorney for a free initial consultation
The Collierville Law Firm advises clients on all types of estate planning methods including wills, trusts and advance directives. From our Collierville office, we represent individuals and families from the surrounding area including Germantown, Memphis, Eads, Arlington, Rossville, Oakland, Ellendale, Bartlett and Lakeland. Please call 901-614-0318 or contact us online to schedule a free initial consultation at our office.