In Tennessee, you have the right to decide who inherits your assets when you die. The people and/or organizations to which you leave your property are called your beneficiaries. Most people beginning the estate-planning process know who their beneficiaries will be and do not need an attorney’s help in this area.
Simple and complex estate planning strategies
Estate plans vary from the simple – such as bequeathing everything outright to your spouse or children – to more complex arrangements; such as incorporating trusts and gifting methods to distribute property to family members over generations, while also leaving property to friends and charitable organizations. While most people face no serious problems choosing beneficiaries, an estate-planning attorney’s goal is to assist you in pointing out difficulties that might arise if you are considering a complex beneficiary plan and help you clarify your own desires if you feel confused or conflicted.
For more information, you can view some Advanced Estate Planning strategies here.