What Embodies Estate Planning In Tennessee?

Many people have heard of estate planning. Some say it simply means a person creates a will that indicates who will inherit certain property when they pass away.
However, an estate plan involves a thorough consultation and a comprehensive set of documents, such as advance directives and powers of attorney.

Wills

A will is the most common type of estate planning document. It includes provisions about how you wish your property to be distributed and to whom. A will names an executor or person who will be responsible for carrying out your wishes when you pass away. A will also names a guardian preference for minor children.

Without a will, the laws of the State of Tennessee determine how your assets are distributed.

Living Wills

Also referred to as an advance health care directive, a living will is a document that stipulates specific directives relating to your health in the event you cannot make such decisions for yourself. Stipulations about the course of treatment, such as feeding tubes and life support are examples of issues addressed in these documents.

Without a living will designating your desires, a physician or family member will decide, and it may not necessarily be in accordance with your wishes.

Health Care Power Of Attorney

A health care power of attorney is very similar to a living will, but instead of outlining your wishes in a legal document, the document bestows or appoints an individual to make these decisions on your behalf. The individual you appoint will have understood your desires, wishes and intentions. 

Durable Power Of Attorney

Similar to a health care power of attorney, a financial power of attorney grants a person authority to make financial decisions on your behalf if you are incapacitated.

A financial POA often is given the responsibility to pay your bills, manage investments, or transfer or sell your assets, among many other tasks.

Help From An Experienced, Trusted Attorney

I am attorney April Perry Randle and have been practicing law for over 20 years. A majority of my practice in Chattanooga, Tennessee, involves creating a customized estate plan for individuals and family to ensure their wishes are carried out in the event they pass away or become incapacitated.

Creating The Right Estate Plan For You

Perhaps you are looking for someone to make financial decisions for you in the event you cannot; perhaps you are looking to stipulate a particular beneficiary to receive your property. I invite you to schedule an appointment at my office to discuss your desires and your individual estate plan.

Call 423-521-8000 to set up an initial consultation. Serving Ooltewah, Chattanooga and surrounding communities.

Trusts-

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Powers of attorney -

Guardianship and conservatorship consulting-

 Estate administration and probate-