Murfreesboro Estate Planning Attorneys: We Work Hard To Protect Your Hard Work
The Murfreesboro estate planning lawyers at Kidwell, South, Beasley & Haley fully understand that planning your estate is an important step in preserving your assets and ensuring you have the final say in how it will be distributed. You worked hard for your assets and should be able to decide what happens to them after your death. For more than 40 years, we have helped individuals and their families make sound legal estate plans.
What is the difference between a trust and a will?
A will, or last will and testament, is a legal document that directs who will receive your property at your death and appoints a legal representative to carry out your final wishes as indicated on your will.
A trust can be used to start distributing assets at any time. Trusts can have two types of beneficiaries. The first beneficiary receives income from the trust during their lives. The second set receives whatever is left over when first set of beneficiaries die. Contact our Murfreesboro estate planning attorneys to discuss whether a will or trust, or both, is the best option for your circumstances.
Estate planning is not only for the rich
Although you are more likely to hear of issues with a trust, will or an estate if a person is rich and famous, it often happens with the average person as well. Having a proper estate plan will help assure that you get the final say in how you want your assets divided in a trust or a will. The last thing you want is a feud among family members fighting over property or other items with a high monetary or sentimental value. Our Murfreesboro estate planning attorneys guide you every step of the way and assist you in making the best choices based on your financial circumstances, personal desires and the law.
Don’t let others make final decisions for you because you haven’t properly planned ahead
When you don’t have a proper trust or will in place, the State takes over your assets and makes final decisions for you. Take for example the following celebrity case:
In the case of John Denver, Mr. Denver did not leave a will when he crashed an experimental plane and passed away on Oct. 12, 1997. The consequence of not having an estate plan is that his family had to wait six years while the estate passed through probate court.
The reality is that even if you have a will in place, if it’s not properly written, your final wishes may not be upheld in court. This will leave your family dealing with years of waiting in probate court to get an inheritance or access to your estate. Don’t let this happen to your estate. Speak with our trusted Murfreesboro estate planning attorneys today to create an estate plan that will be upheld in court and benefit your loved ones.
The problem with preparing a will online
The main problem is that online will document service providers are not law firms. They are not available to provide legal advice or apply the law to the facts of your particular circumstances. In fact, only a licensed attorney can give you legal advice. Don’t trust your estate and your family’s financial future to an online service.
Contact our Murfreesboro estate planning attorneys today and find peace of mind
For more than 40 years, the estate planning attorneys at Kidwell, South, Beasley & Haleyhave been the trusted estate planning resource in Murfreesboro and the surrounding areas. Contact us for a free consultation at 615-893-1331 or contact us online. We welcome questions about estate planning and are ready to help you prepare an estate plan that will provide you and your loved ones peace of mind.