A last will and testament is an important document for your loved ones regardless of the size or complexity of your estate. There are so many aspects to consider beyond the allocation of property and assets, as well as numerous benefits to estate planning that your family will appreciate you taking the time to plan for the future. As a Coffee County estate planning attorney Cathy Grady Conley knows that by making the necessary decisions now you are saving your loved ones' time and money in the future by avoiding probate. This also eliminates much of the uncertainty they will experience during an already difficult time.
Tullahoma Will and Trust Attorney
Since you can't take it with you, consider a comprehensive will or trust to ensure your property and assets are handed down to your loved ones the way you intend. A variety of tools are available, such as revocable and irrevocable trusts, that allow you to manage your estate and assets while you are living, and direct survivors on how you want it distributed upon your death.
Living Wills and Trusts
A living will or living trust, sometimes called advanced directives, allows you to document your preferences regarding your health care directives should you become incapacitated and unable to communicate your wishes. Many people have very strong feelings regarding life-sustaining medical care in the event of a terminal illness or debilitating injury, however just as many do not legally document them leaving family members or the state to make these decisions.
Conservatorships and Guardianships
Mutual guardianships and cohabitation agreements are legal options non-traditional families should consider when planning for the future. These are tools that provide for unmarried couples to ensure their wishes are granted for one partner to make decisions on their behalf should they become disabled or incapacitated. Ensuring your loved ones have the legal status necessary to act on your behalf avoids having the courts appoint a legal guardian who may or may not act in your best interests.
There are numerous estate planning methods for every situation, such as various health care directives and durable powers of attorney. Many of them are quite simple and very affordable, but to your family they can be a priceless gift you give them.
Contact Cathy Grady Conley, Attorney at Law
Coffee County estate planning attorney Cathy Grady Conley has been assisting families for more than 25 years, working with a variety of estates from simple to complex consisting of family-owned businesses and multiple properties and assets. She has experience in elder law and special needs planning. Contact the McMinnville or Tullahoma, Tennessee, offices to schedule a no-obligation consultation with an experienced lawyer and take the first step to planning your family's future.