Music City Estate Law – Nashville

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Music City Estate Law – Nashville

INTRODUCTION

Welcome to Music City Estate Law. Our goal is to provide you with options that suit your needs and make every step of the process as smooth as possible. We are committed to your success and future, and believe that the life you have built is individual to you. Therefore, we adapt our services to fit your specific needs.

AREAS OF PRACTICE

Asset Protection Planning

There are many things in life you may want to protect. Asset protection planning is designed to protect your wealth during your life. In order to protect your assets from the risk of seizure by an adverse party, it is essential to organize your assets and affairs in advance using the most favorable entities, agreements and system of laws. Our goal is to achieve the greatest level of protection that you are entitled to.

Estate Planning

Retirement is not too late to begin estate planning. Ideally, estate planning begins when you reach adulthood. However, frequently, parents will request basic estate documents for a child heading to college, like an advanced healthcare directive or a financial power of attorney.

Wills

A will or a “last will and testament” is a legal document that lets you, the testator (the person making the will), designate individuals or charities to receive your property and possessions when you pass away. These individuals or charities are commonly referred to as beneficiaries of your last will. A last will also allow you to name a guardian to care for minor children. The main goal of a will is to carry out the testator’s final wishes. If you are not sure how a will can prove beneficial, discuss it with a Wills

Decanting Trusts

We all need a “do-over” from time to time. Life changes, the law changes and professionals learn to do things in a better way. Often times clients set up and fund an irrevocable trust and then return, wanting to change the terms of the trust. This sometimes happens within a matter of days after funding the trust. Change is a fact of life! Fortunately, irrevocable trusts can be changed and one way to make that change is to decant the original trust. Decanting is known as a “do-over.” Funds from an existing trust (with less favorable terms) are distributed to a new trust (with more favorable terms).

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