Wills & Trusts
Achieving Tennessee Estate Planning Goals With Wills & Trusts
Attorney Phillip R. Walker has the experience and expertiseto provide reliable and practical estate planning advice to Tennesseans from all walks of life. He understands that it can be overwhelming to consider the options available for transfer of the assets you have accumulated over a lifetime. It can be equally difficult to how your minor children or disabled loved one will be cared for if the unthinkable happens to you.
Should You Have A Will Or Trust?
You may wonder if you need a Will or Trust. No matter the size of your estate or your family, a Will orTrust is an essential planning tool.
- Do you own a home?
- Do you have any children?
- Do you want your wishes to be carried out?
- Do you want your loved ones to be able to efficiently administer your estate if probate is required?
If you answered “yes” to any of these questions, you should have a Will or a trust to:
- Direct distribution of your assets.
- Name a guardian for minor or disabled children.
- Designate an executor to settle your estate.
Why Should I Have a Tennessee Estate Planning Lawyer Prepare a Will or Trust?
Today, with everything easily accessible online, it is tempting to download fill in the blank forms in order to avoid dealing with an attorney and the fees. The problem with this approach is a fill in the blank form doesn’t review your plans and assets with you, doesn’t give you advice and counsel on how to distribute your assets to meet your goals, doesn’t explain the pros and cons of your choices or, explain on ways you can avoid probate altogether. Many people have used these forms not knowing they have not executed them properly. Often their directions are unclear and they are unaware of the unintended consequences of their decisions. These errors often result in the heirs paying much more in legal fees, delays in administration and, yourwishes not being honored. At the law firm of Attorney Phillip R. Walker, our estate planning lawyer can help you create an estate plan that meets your current and long-term goals.
Wills, Trusts, Durable Powers of Attorney and Living Wills are the foundation of every estate plan.
While few of us want to contemplate our mortality or think about aging and disability, failing to adequately plan for an unexpected health crisis or, when you are no longer able to care for yourself can cause your loved ones added stress, heartache, and frustration. Planning for the unexpected while you are healthy and able is applying the “ounce of prevention” to avoid the later, “pound of cure.”
The Benefits of Establishing Trusts
Some may benefit by creating one of the variety of Trusts provided for in the Tennessee Trust Code. Trusts can ensure assets are professionally managed for beneficiaries who require it. Trusts can preserve wealth for future generations. rusts can exclude assets from one’s estate, reduce taxes, protect assets from division during a divorce preserve government benefits for disabled beneficiaries andprotect assets from creditors. Since Trusts do not require probate administration, they also provide a private way to transfer wealth.
Preserve Your Legacy – Creating Wills And Planning Ahead Is Crucial For You And Your Family
We can help you prepare a Will or Trust that meets your individual needs and accomplishes your goals. For more than 30 years, Attorney Phillip R. Walker has provided sound legal advice and counsel to your neighbors in the Bartlett and greater Memphis metropolitan area. He can do the same for you.
Call our firm today at 901-387-3000 or contact us online to schedule an appointment to discuss your estate planning needs with an experienced estate planning lawyer.
Call For A Free Phone Consultation To Learn More About Wills And Trusts
Choosing the right lawyer for estate planning doesn’t have to be difficult. . Our law firm takes a different approach than many other attorneys. We are focused on your Tennessee family and all aspects of the law which may affect your family from the beginning of life to the end and all stages in between. We believe in building a relationship and being a trusted adviser you and your family will look to for guidance when faced with any legal concern. We want you to know you can trust us to guide you in making sound decisions about estate plan. And, we will be there when the time comes to help your family navigate the process of administering your estate plan.
We offer a free initial phone consultation so you can talk with an experienced estate planning lawyer, not an intake screener. Give us a call at 901-387-3000 or contact us online where we can answer your questions and discuss our approach to estate planning.