It can be difficult to make the time to hire an attorney to help you with an estate plan. Sometimes the decision is prompted by the death of a loved one. Other times, it is caused by the birth of someone new. No matter the reason, a properly executed estate plan will be designed for both your possible incapacity and your death. Although you may have a good idea of who you want to inherit your assets upon your death, there are many more decisions to be made. Some of these decisions are likely issues you have not yet considered and include tax and asset protection strategies for both you and your heirs. At the Law Office of John R. Foust, we pride ourselves on helping clients execute personalized estate plans for their specific needs. You will appreciate your newfound peace of mind once you have the proper documents in place.
What would happen if you became incapacitated? Incapacity can happen at any age. It may be caused by a car wreck, dementia, or some other reason. If you become incapacitated, it is important to allow for immediate financial decisions to be made without having to go through a lengthy court process. These decisions can be made now and have the potential to safe both time and money as well as ensure the person you want to make these decisions will be the one making them.
There are many advantages to proper estate planning. For example:
Without an estate plan, most of your assets will be required to go through probate court and pass to your heirs under Tennessee’s statutory structure. Having an estate go through probate can be time-consuming and expensive. This proceeding is part of the public record. Thus, information about your estate is no longer private, and it is open to the prying eyes of creditors, beneficiaries, and nosey neighbors.
For years, attorney John R. Foust has been assisting his clients in East Tennessee with effective, thoughtful estate planning advice. Indeed, John works tirelessly to make sure that each and every client has a personalized plan that suits their particular situation and needs. John knows how important it is to plan for your family’s future, and his experience in giving professional counsel sets him apart. Contact John’s office today at 865-203-4041. You, and your family, will be glad you did.