Trust Lawyer Maryville, TN

At Carpenter & Lewis PLLC, we focus on the future of all families. We understand that many people want to be prepared in case something unexpected happens. It is the truth of our existence that we are mortal beings and one day we will pass away. When that day comes, we will have peace of mind in knowing that our estate plan has instructions for whom and to which belongings will be distributed. It is our role to help inform and educate clients about the principles of estate planning, so they understand the gravity of what is at stake. As our Maryville, TN trust lawyer warns, if you do not develop an estate plan before you pass, then your estate will be overseen and distributed based on state law by the court system. Knowing this is often enough motivation for families to come to us to create a legally binding state plan, because they would prefer to court to not have a say in how their estate is handled. 

Tips For Your Estate Plan

Being able to write an estate plan is important in making sure your wishes are followed and assets are safeguarded after you pass away. By taking the time now to plan ahead, you can give your surviving loved ones clarity and ease of mind during a difficult time. Do not wait until you are of older age or in poor health just to start this process. By beginning early, you have a chance to carefully consider what your wishes are, consult with professionals, and make any adjustments as your life changes. Once you have written your estate plan, you may need to update it as life goes on so that it always reflects your current reality and situation.

Inventory Of Your Assets

As another step in writing your estate plan, it’ll be important to write a list of all of your assets, including financial, belongings, and sentimental items that may not be of high value. Essentially, anything that you own that would need to be distributed to someone else when you pass away is something to write in your inventory of assets. After you have this list, you can think about who you would like to receive each of these assets. As our knowledgeable trust attorney explains, beneficiaries can be family members, friends, or charity organizations. 

Carpenter & Lewis PLLC

Planning for a time when you are no longer here is a crucial step in protecting your assets and ensuring that your closest loved ones receive their inheritances smoothly during a time of need and grief. Our team at Carpenter & Lewis PLLC understands that thinking about a time when you are not here anymore can be emotional. Developing an estate plan may feel like an odd task at first, but if you do not have an estate plan then you risk the court system handling your assets for you. If you are ready to learn more about estate planning and possibly get started today, then please reach out to our TN trust attorney so that we can consult with you further. We hope to hear from you today.