Estate Planning With Compassion
“Estate Planning” sounds expensive and like something only needed by the very rich. Actually, an estate plan is a set of documents which everyone needs – a Will and/or Revocable Trust, Financial Power of Attorney, Health Care Power of Attorney and Advanced Care Plan.
An up-to-date estate plan allows you to establish your legacy, giving to loved ones and charities when you pass away. Of equal importance are financial and health care powers of attorney which are legally necessary to enable you to appoint persons you choose to serve as your financial and health care agents if at any time you are unable to act for yourself due to incapacitation.
Attorney Loren E. Plemmons listens to you and helps tailor an estate plan that is right for your needs, protecting your choices and ultimately your loved ones. Do you want an estate plan centered by a Last Will and Testament or a Revocable Trust? What personal options do you have in creating a comprehensive and individualized estate plan? Do you have a blended family? Do you have an estranged or disgruntled family member? These questions are much too important to be left to impersonal on-line services or even law offices which do not focus on estate planning clients.
Attorney Plemmons has 40 years of experience in helping East Tennesseans with estate planning. She will provide the help and support you need to navigate delicate issues that can come when creating a comprehensive estate plan. Let Attorney Plemmons help you achieve your estate planning goals.
Peace Of Mind For Your Probate And Trust Administration Needs
When you find yourself administering a probate or trust estate for a loved one, you will certainly have questions and perhaps concerns. Administering an estate is a complicated set of laws, procedures and responsibilities. There is so much more to do than simply distributing assets. If you mishandle the estate, you may be held liable.
Losing a loved one is an incredibly stressful time. Stress is multiplied if you are appointed to administer the trust or probate estate. Our entire staff at the Loren E. Plemmons, Attorney at Law, will guide you, addressing your questions and concerns with kindness, compassion and with the knowledge that comes with decades of experience. You will have peace of mind knowing Loren E. Plemmons, Attorney at Law, is on your side.
Attorney Plemmons will provide the support you need in creating all aspects of your own estate plan and assisting you when a loved one dies.
Here are a few tips and definitions of common estate planning terms.
- Wills – A Will is a legal document that establishes your final wishes regarding who will receive your assets and appoints a person to act as executor for your estate. Your right to make a will gives you the opportunity to create your legacy for your loved ones and charities.
- Trusts – Trusts are a more flexible alternative to a will. The primary function of a revocable trust, also referred to as a living trust or grantor trust, is to help you distribute your assets outside of probate. A trust administration is private, ensuring your loved ones will receive assets without the delay and stress of the probate process.
- Financial Powers of Attorney – A Financial Power of Attorney allows you to designate an agent, a person of your choosing, to pay your bills and manage your financial matters when you are unable.
- Health Care Power of Attorney – A Health Care Power of Attorney allows you to designate an agent, a person of your choosing, to make medical decisions for you when you are unable.
- Advanced Care Plan – An Advanced Care Plan is a document created by the Tennessee Department of Health to enable you to make decisions regarding your end of life health care and allows you to appoint a health care agent to implement your decisions if you cannot speak for yourself.
- What Happens Without a Power of Attorney? If you have not made out a health care or financial power of attorney, your family or others concerned about you will have to file for a conservatorship in court. This process is costly, both emotionally and financially and easily avoided by having a comprehensive estate plan in place.
- Probate – Probate is the legal process by which your Will is accepted as a legal document and your executor is authorized to act on behalf of your estate. Probate takes time. There are many rules and restrictions regarding payment of creditors and the ultimate distribution of assets.
Whether she’s preparing your estate plan or guiding your loved one’s estate through probate, Ms. Plemmons can offer the assistance you need. Our office also runs Tellico Title Services, which can assist you with all of your real estate transactions.
Never Too Early To Start
Life is unpredictable. While an estate plan may be easy to put off for another time, the risk is too great to leave your estate plan to chance. It is never too early to prepare for the future. Finding support from a skilled lawyer gives you and your loved ones peace of mind today. Let Attorney Plemmons help you with your estate plan. Her estate planning documents help you be prepared for today, tomorrow and for decades to come. To get started, call our office at 865-424-4379 or contact us online.