Planning for your future is one of the most meaningful steps you can take, not just for yourself, but for your family. One way you can prepare for your future is through establishing a trust. A trust can be a reliable and practical way to make sure your wishes are carried out, and that your loved ones are taken care of long after you’re gone. Establishing a trust isn’t always straightforward, but our Aloca, TN trust lawyer can guide you through the process when you call us today!
A trust is a legal arrangement allowing you to transfer assets to a trustee. The trustee then manages these assets for your chosen beneficararies. A trust can severe multiple purposes. Many decide to establish a trust because to avoid the probate process. The probate process can be lengthy, expensive, and it can cause a lot of emotional distress and disputes for your surviving family members. A trust can protect assets from creditors, minimize taxes, and provide long-term support for children or family members that have special needs.
One of the biggest benefits of using a trust is privacy. Unlike wills, which go through the public probate process, trusts administer assets privately. For families in Alcoa who prefer discretion or wish to avoid delays, a well-crafted trust can provide peace of mind. One reason why fights and disputes happen after a person passes away is due to there being unclear instructions and legal protections—something that a trust can prevent.
Even after establishing a trust, you may benefit from our ongoing legal support. Trusts often should be updated after a major life changes, including marriages, divorces, new children, new property, or changes in tax laws. We’ll make sure that any updates in your trust are in line with your wishes and Tennesse regulations.
Whether you need to establish your trust or are looking to have it updated, our Alcoa trust lawyer is eager to help!
Establishing a trust can be an excellent way to protect your assets and wishes, but it needs to be handled properly. Discover how our Alcoa trust lawyer can help when you call us today at Carpenter & Lewis PLLC!
“We own several businesses and have had the pleasure of working with Stephen and his team for over 9 years now. He always comes through in a pinch. They have assisted us with leases, estate planning, company formations and even landlord issues. I highly recommend them for all your business attorney needs!”
Mary Ellen Nichols
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10413 Kingston Pike, Suite 200
Knoxville, Tennessee 37922
New Clients: (865) 509-9600
Existing Clients: (865) 690-4997
Facsimile: (865) 690-4790
10413 Kingston Pike, Suite 200 Knoxville, Tennessee 37922
Also Serving: Farragut TN
New Clients: (865) 509-9600
Existing Clients: (865) 690-4997
Facsimile: (865) 690-4790