Estate Planning

Estate planning is simply the creation of a plan for the administration and disposition of a person’s assets in the event of death or mental or physical incapacitation. With an estate plan you specify who you want to receive your assets when you die, who you want to handle your financial affairs if you could not make those decisions yourself, and who do you want to make medical decisions for you if you could not make them yourself.
Estate planning is generally accomplished through the use of wills, trusts, financial powers of attorney, health care powers of attorney, living wills, beneficiary designations, property ownership designations and gifts. For large estates an important component of estate planning is planning to reduce the amount of estate or inheritance tax liability on the estate.
Everyone needs to setup an estate plan. It is never too soon to begin planning. If you fail to do so, then your estate will be administered and disposed of according to the laws of the State of Tennessee. If you do not have an estate plan in place or if you have but need to update your estate plan call our Tennessee probate attorneys today at (615) 829-8259 to discuss your estate plan.
- Sitemap - Privacy Policy - Find Shipman - Google+