Why You Need an Estate Plan
Feb. 27, 2015
There are lots of important considerations to make when you start to make plans for after your passing. Estate planning is far more complex than just deciding who gets your money. For most people, dividing up their cash assets is the easiest part. It is all of the other decisions that must be made that require people to seek out the legal guidance of a trusted estate planning attorney. Thorough and proper planning allows your loved ones to minimize their grieving in the darkest of hours.
Incomplete estate planning often leads to a lot of heartache for the family members that are left behind. The fights are not always over just monetary assets. There are decisions that must be made about your remains and what wishes you have for your services. Estate planning attorneys in Nashville help you make all of these decisions and clearly set them out in writing. Families often have ideas about what you would like, but those ideas are often in disagreement with each other. When disagreements ensue, and passions roar, feuds can arise that tear families apart for years to come.
There are some significant tax consequences that come up when you do not meet with an experienced Nashville estate planning attorney. Simply splitting up your assets among your spouse and children is not usually enough. Strategic planning allows you to help ensure that as much of your hard earned wealth as possible stays within your family.
Thorough estate planning is the key to minimizing the pain and suffering of your family after your passing. Your estate planning needs to be thorough, detailed and updated whenever there is a significant change in your life. A good plan minimizes uncertainty for your family and protects your assets as much as possible. Your family’s last memories of you should not be tainted by having a poor estate plan in place.
Tiffany Johns is an experienced Nashville estate planning attorney at Middle Tennessee Family Law and is here to help you properly execute a last will and testament. Her priority is ensuring your estate plan takes all scenarios into consideration so your loved ones are taken care of after you pass. Schedule a free initial consultation by calling or contact us online. Serving Franklin, Gallatin, Murfreesboro, Columbia, Nashville and surrounding areas.