Having a trust can be very beneficial in keeping real estate secured for your family following your passing away, but to make sure you’re receiving the best possible trust, it’s highly recommended to enlist the services of a trust lawyer in Knoxville, TN. Doing so will not only speed up the process and ensure that the necessary paperwork is handled efficiently, but will also ensure the greatest quality. To get the process started and finalize everything, you should contact Carpenter & Lewis PLLC.
What is a Trust?
While a Trust shares some similarities with a Will, the main difference between the two is that a trust is kept on private records and lets surviving family members avoid an extensive probate process following you passing away. Essentially, it’s an arrangement between a trustee and one or multiple beneficiaries. Instead of assets, a Trust allows you to pass along ownership to another party. In most cases you will serve as a trustee which will allow you to maintain total control over your assets during your lifetime.
Another advantage a Trust has over a Will is that it offers more flexibility such as being able to sell property, transfer assets within and out of the Trust, and even revoke the Trust at any time. Today more families are choosing Trusts due to convenience. Beneficiaries are able to gain the estate and any assets included without a four month delay. This four month delay is the result of Tennessee probate laws, commonly associated with Wills.
Of course, Trusts come with their own unique set of challenges which is why enlisting the help of a trust lawyer in Knoxville, TN will streamline the process.
The Services Our Trust Lawyers Offer
Since 1989 our expert estate and Trust lawyers have been providing legal advice and services to many families and business owners. It’s part of our mission to ensure that every client understands the fundamentals of estate planning. Our services include:
Contact Us Today to Schedule a Consultation
A Trust offers many improved benefits over a Will including being able to avoid a four month probate process. Our lawyers specialize in estate and transactional law, including services such as drafting Wills and Trusts. We can answer any questions or concerns you may have and discuss various long-term planning options. To enlist the services of a trust lawyer in Knoxville, TN then you should contact Carpenter & Lewis PLLC today.
“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!”
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