Skillful Clarksville Lawyers Establish Effective Living Trusts
Tennessee Firm Helps Clients Protect Assets And Transfer Them Efficiently
Many individuals and families are interested in minimizing the procedure and delay that often accompany the probate process. Depending on the specific circumstances, a living trust can serve as an effective way to address these concerns. Our Clarksville law firm, Bateman & Bateman, P.C., outlines the potential advantages of living trusts and helps to establish these legal instruments when that best serves our clients’ needs. Serving residents throughout Middle Tennessee, our attorneys draw on more than 80 years of combined experience to construct estate planning solutions tailored to each client’s values and goals. Living trusts can benefit estates of all sizes. We’ll explain these instruments and other estate planning options in a clear, personalized manner.
Accomplished Estate Planning Attorneys Provide Personalized Guidance
In living trusts, grantors transfer their property into the trust and establish terms that allow them to use those assets however they wish until the end of their life. The trust names beneficiaries who will receive the particular assets upon the creator’s death. With a trust, unlike a will, ownership of these items shifts automatically, without going through the probate process. This feature can help:
- Save time — Even if no dispute exists when settling an estate, Tennessee probate can take many months to complete. Living trusts distribute a decedent’s property immediately and without any unnecessary procedures.
- Reduce expense — Managing estate duties and paying expenses such as property taxes deplete the assets that a person intended to leave to their loved ones. By shifting ownership of their property to the trust before their death, the trust creator reduces the costs that their estate and beneficiaries must bear.
- Maintain privacy — Probate is a court procedure where judges and lawyers deal with personal matters during what is already a difficult time. Establishing a living trust helps families address these tough, but necessary, concerns on their own terms.
The best estate plans are designed carefully with the assistance of qualified professionals. If you’re interested in a living trust, we’ll explain the legal requirements associated with these instruments and detail how they can work with other methods of protecting and transferring property.
Contact A Tennessee Attorney For A Consultation Regarding Living Trusts
Bateman & Bateman, P.C., advises Middle Tennessee clients on living trusts and other estate planning issues. Please call 931-647-5959 or contact us online to schedule a meeting at our office in Clarksville.