Wills & Estates

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Estate planning includes the transfer of property at death. The main document for this process is a Will.

A Will can insure that any assets that you leave behind Will be distributed to your intended beneficiaries. You can also designate guardians for your minor children and tell the court who should handle your final affairs.

A Last Will and Testament is important document no matter how much money you have. Tax laws often change; however most estates less than 5 million dollars do not need complicated and expensive planning. 

John-Michael-Garrett-Law-NashvilleSimple Wills generally cost only a few hundred dollars. Most probate proceedings are neither expensive nor prolonged, which is contrary to the claims of many vendors selling living trust and other products. Die without a Will and the state decides who gets what, without regard to your wishes or your heirs’ needs.

It is a good idea to review and or revise your Will when your family members change, when you move to another state and when your marital status changes. At the same time, review your beneficiary designations for your other accounts including 401(k), IRA, pension and life insurance policies; since those accounts will be transferred automatically to your named beneficiaries when you die.

Estate planning is a process involving the counsel of professional advisors who are familiar with your goals and concerns, your assets and how they are owned, and your family structure. It can involve the services of a variety of professionals, including your lawyer, accountant, financial planner, life insurance advisor and banker.

*A website is not a substitute for speaking with a lawyer on your case.
Please do not hesitate to contact the John Michael Garrett for a consultation.*