Estate Planning with Your Lawyer
Estate planning may seem like an overwhelming undertaking, but it's necessary for making sure things are taken care of when you pass. Fortunately, an estate planning law firm in Knoxville, TN, can make the entire process much easier and give you peace of mind knowing that your affairs are in order. Here's what you need to know about making your estate plan with an estate-planning attorney.
Components of An Estate Plan
It's important to understand what documents are part of an estate plan. The last will and testament allow you to choose who inherits your assets. A living will is another important component and allows you to decide what medical care you should receive if you're unable to make decisions yourself. You can also choose a healthcare power of attorney, which is someone authorized to make healthcare decisions on your behalf. A financial power of attorney allows someone to make financial decisions and handle your finances. A trust is important if you want your beneficiaries to avoid probate because it sets aside money and assets to certain people or organizations so that inheritances are delivered more quickly.
Knoxville estate planning law includes attorneys who specialize in drafting these important documents that are part of an estate plan. Going through an attorney can help you avoid or lessen estate taxes and keep your assets and savings from any creditors your beneficiaries may have. There's quite a bit of paperwork and legal jargon to work through when planning your estate, so using an attorney experienced in this area of law will ensure the estate is planned thoroughly so that beneficiaries don't run into any problems later on.
Choosing an Estate Planner
It's easy to find an attorney who will offer to plan your estate but to ensure all the state laws concerning estate documents are followed, it's best to find someone who specializes in estate planning. It's also important to find someone you trust with specific details about your family and financial situation. Call Winston Law Center today to speak with an estate planning lawyer to get your affairs in order.