Creating a Tennessee will is an effective way of ensuring that your assets will go to their intended recipients. However, it’s not uncommon to overlook key items that might make it harder for your affairs to be settled in a timely manner.
Did you account for your digital assets?
If you own a computer, bank online or have a social media profile, you have at least one digital asset. An executor will need to know how to access your devices, how to access your online accounts and what to do with your social profiles after you die. Otherwise, it may be impossible to stop automatic payments or prevent someone from posting comments on a virtual wall or timeline. An attorney who is familiar with issues relating to wills and estates may be able to help you include digital assets as part of your estate plan.
Did you name a guardian for your children?
A judge may need to appoint a guardian for a minor son or daughter if you’re unable to take care of that child. However, you can appoint someone who you trust to raise that individual until he or she reaches the age of majority. If you are going to name a guardian in your will, make sure that this person is ready, willing and capable of providing quality care before executing this document.
Ideally, you’ll review your estate plan once per year to ensure that your final wishes will be carried out. An attorney may be able to help with the review process and help draft new documents that might make it easier to meet your needs.