Estate Planning attorneys lawyers in Chattanooga, TN
Last Will and Testament
|
Need a Last Will and Testament, or a Revocable Living Trust?What is the difference between a Will and a Trust? |
|
|||||||||||
|
At Purple Law Firm we can answer
these questions for you.
Attorney Jim Purple has been practicing
Estate Planning
law since 1983, and has personal experience with the advantages
of effective estate planning, i.e. a Revocable Living Trust.
Most people are familiar with a Last Will and Testament, often called simply a “Will”, but does a Will do what you want, effectively and cost efficiently? A Last Will and Testament is a legal document which expresses your wishes and desires as to how you want your property (real estate, bank accounts, investments, and personal effects) to be distributed after death. In other words, who do you want to have what after your death. Typically a Will must be administered under the supervision of the Probate Court and can be quite costly. Additionally, in some circumstances your desires and wishes may be overruled by the Court. Learn more about probate. |
|
|
||||||||||
Purple Law Firm
|
||||||||||||
|
Estate Planning Articles
|
||||||||||||
What is a Revocable “Living” Trust and would the average person benefit from a Trust?A Revocable Living Trust is a contract which is entered into during your lifetime, which determines how your property (“assets”) is to be managed by you or someone you designate for your benefit (or the benefit of you and your spouse) while you are still living, and how your assets are to be managed or distributed after your death. A Trust is typically revocable and amendable during your lifetime, meaning that you may amend or change the Trust to meet your changing circumstances and desires, or you may revoke the Trust in its entirety.There is a common misperception that a Trust is for the wealthy, and average people do not have enough assets to justify a Trust. The reality is that while not all people need a Trust, most people reap more benefit from a Trust than from a standard Last Will and Testament. Whether you just need a Last Will and Testament or a complete Trust centered Estate Plan, our Attorneys will carefully review your circumstances and discuss your desires for final distribution of assets. We will then develop an estate plan which is suited to your needs, and thoroughly explain your new estate plan and how it works. To have Purple Law Firm review and analyze your estate planning needs, call or email today. |
||||||||||||
|
Home Contact About Practice Top Center The information contained in this web site is for general informational and marketing purposes only, and is not intended as legal advice, nor does it establish an attorney-client relationship. To receive legal advice from Purple Law Firm or its attorneys lawyers call or email for an appointment. This is a commercial web site and it contains information which is considered paid advertising, and all information contained herein has been reviewed by the attorneys lawyers of Purple Law Firm. Call today to speak to an attorney lawyer in Chattanooga, TN. Purple Law Firm is a member of Hamilton Law Center, PLLC, An association of attorneys. The term attorneys / lawyers herein refers to that association and/or is for marketing purposes only, and in no way is intended to imply anything further.
The State of
Tennessee recognizes Certifications of Specialization
in all areas of practice relating to or included in
the areas of Civil Trial, Criminal Trial, Business
Bankruptcy, Consumer Bankruptcy, Creditor's Rights,
Medical Malpractice, Elder Law, Estate Planning and
Family or Domestic Law. Listing of related or
included practice areas herein, does not constitute
or imply a representation of certification of
specialization. Furthermore, the use of the terms
"Bankruptcy Attorney", "Criminal Defense Attorney",
"Estate Planning Attorney", "Divorce Attorney", and
the like is for general marketing and practice area
identification purpose only, and is not intended to
imply certification of specialization. Our
attorneys lawyers are experienced in said practice areas,
but are not "Certified Specialists" unless
specifically indicated.
Home Contact About Practice Top Center |