Tennessee Estate Law Blog
Are you one of the 55% of American adults who do not have a Last Will and Testament in place? Or did you prepare yours years ago and need to revisit your estate plan? If so, the holidays can be a great time to get your affairs in order.
The end of the year can be a time of reflection, an opportunity to spend quality time with family and those closest to us. The holidays also inspire us to think clearly about our priorities, what is truly most important in life. It can be the perfect time to contemplate some of the central questions that a proper estate plan raises.
Who would you want to make health care decisions for you, or handle your finances, if you suddenly were in a situation that you could not handle them yourself? Who do you trust to be in charge of paying your debts and distributing the assets in your estate after you pass away? Who should take control of your online or social media accounts?
For many of us, these can be difficult decisions (another reason why we procrastinate!), but they need to be decided while we are still able. Especially with family around, the holidays can be an opportunity to discuss these issues with your loved ones, and make sure that they understand your wishes and the plan you are implementing.
If you already have a will in place, the end of the year is a good time to take stock of your life circumstances and determine whether chances in your estate plan need to be made. Once a year, everyone should look back over their will, and review their estate plan to make sure it still reflects their current life situation. One thing we can count on about life – it changes! Whether you have added a new family member, lost a family member, or just something important about your life has changed, your goals and priorities may have changed with it. Your estate plan should keep up with your life! When it changes, it may be time to adjust your estate plan accordingly.
Whether you have an estate plan in place or not, a Tennessee Wills attorney can help you think through this issues and questions and can help you properly and lawfully execute the documents you need – including the four documents everyone needs: a Last Will and Testament, health care and financial powers of attorney, and a living will.
Many of us procrastinate getting a Will or estate plan in place. It can seem like a daunting or expensive project. But the reality is often very different. Estate planning packages can be affordable flat fee services and the process made convenient to meet your needs, including home visits by a Tennessee Wills attorney.
The solemnity of the holidays, and the promise of a new year, can and should inspire us to take care of our loved ones, and to tackle those important life steps that we all need in place. Start the New Year off with peace of mind knowing that your estate plan is in order!
Please contact us today online or by calling 800.705.2121 to discuss your legal options.