If you’ve recently moved to Tennessee, your estate plan may need more than just an address change. Reviewing your documents can help ensure they still reflect your wishes and comply with Tennessee law. State laws can differ, and small updates may help your documents match your current situation. A careful review also helps you keep your wishes clear for your loved ones.
Without updates, you risk having outdated provisions that fail to reflect your current wishes.
A simple checklist can help you stay organized as you settle into your new home.
Review your current estate planning documents
First, compile the estate planning paperwork you currently have. Gather documents such as:
- Your will
- Any trust documents
- Powers of attorney
- Health care documents
Check that the names, addresses and personal information remain correct. Think about any major life changes since you signed these documents, such as a marriage, divorce or the purchase of Tennessee property. After you review your documents, consider whether they align with Tennessee law.
Update documents that may need changes
Some estate planning documents from another state may still be valid. Even so, they may not reflect Tennessee law or your current goals. For example, the requirements for a financial power of attorney are governed by the Tennessee Uniform Power of Attorney Act, found in Tennessee Code Annotated Section 34-6-101 and following sections. Reviewing this document after your move can help you confirm that it still reflects your wishes.
Next, consider how your property fits into your plan.
Check how your property is titled
If you own a home or other real estate in Tennessee, review how the property is titled. If you use a trust as part of your estate plan, make sure property ownership matches that plan. Assets that remain outside a trust may not meet your expectations.
Once your property is in order, review the people named in your plan.
Confirm your personal representatives and beneficiaries
Review the people you selected to serve in important roles. This may include your personal representative, successor trustee or agents under a power of attorney. Make sure they can still carry out these responsibilities. Also review your beneficiary designations on financial accounts and life insurance, because these designations often work separately from a will.
One final review can help bring everything together.
Keep your estate plan current
Estate planning is an ongoing process that evolves alongside your life. While your existing documents may serve as a strong foundation, periodic reviews help ensure they remain aligned with your plan and reflect current state law. If you are unsure whether your current documents require adjustments after your move, consider discussing your situation with a qualified estate planning professional to make sure your plan reflects your current needs and circumstances.