Columbia Estate Preparation Attorney
While most people recognize the importance of estate planning, it seems there is a considerable gap between knowing the benefits and taking action to prepare the relevant documents. According to results of a Caring.com survey, approximately 2 out of 3 adults have not prepared a will, while 18 percent do not know what an advance health care directive is. A top reason for not moving forward on estate preparation is procrastination, which is unfortunate considering the adverse implications under Tennessee law.
The truth is that people of all ages, backgrounds, and fiscal situations can benefit from estate planning. With the right structures in place, you protect your legacy and provide loved ones with options in the event of incapacity. Fort, Holloway, & Rogers, LLC is knowledgeable about the laws, so we can advise you on a plan that suits your needs. Please contact our firm to speak with a Columbia estate preparation attorney. We can set up a consultation to discuss details, but some general information is useful.
Core Components of a Tennessee Estate Plan
The specifics about estate preparation will vary according to your needs, family circumstances, and objectives. However, a well-rounded estate plan will include the following documents:
- Your last will and testament is the main document that takes effect upon your passing. In it, you will name an executor who will handle your final affairs and perform essential probate tasks. You can also provide instructions on distributions of your estate assets to beneficiaries.
- In a health care power of attorney, also called an advance directive, you name an agent who has the power to make medical decisions if you are incapacitated.
- A living will is a type of advance directive that allows you to express your intentions if you are on life support. You can state the types of treatment you want provided or withdrawn in an end-of-life scenario.
- With a power of attorney for property, you appoint an agent to manage your real estate and personal property if you are incapacitated.
Powers of attorney for health care and property avoid a situation where loved ones must go to court to have a conservator appointed to act on your behalf.
Assistance with Estate Planning
These descriptions are helpful, but there are numerous factors to consider and legal requirements that affect the validity of the documents. You can trust our Columbia estate preparation attorneys at Fort, Holloway, & Rogers, LLC to guide you in developing a suitable plan. We will:
- Explain the details and functions of each document;
- Prepare all essential paperwork;
- Handle requirements for signing and notarization; and
- Follow up to make adjustments or amendments to your estate plan as necessary for life changes.
Discuss Your Circumstances with a Columbia Estate Preparation Attorney
For additional details on estate planning options under Tennessee law, please call 931-901-2300 or go online to reach Fort, Holloway, & Rogers, LLC. We can schedule a consultation with a Columbia estate preparation lawyer who will review your situation and evaluate your goals. Once we develop a strategy, we can get started on creating a customized plan.