Why do you need estate planning?

Creating an estate plan is the best way to make sure that your wishes regarding your family and your assets are carried out in full.  With a personalized estate plan, you can plan exactly what would happen in the event of an accident that leaves you unable make decisions for yourself, as well as directing how assets should be distributed after your death.

What is the difference between a will and a trust?

The process of creating a will or a trust can be confusing, but our attorneys at Gordon Law Group, PLC are here to help you.  Depending on where you are in your life, and on your family and financial circumstances, we might recommend an estate plan centered around either a will or a trust. 

Essentially, both documents provide instructions for how you want your assets distributed after your death.  A will is instructions to the court, whereas a trust is instructions to whomever you select as trustee. 

A will goes into effect only after you pass away and once it has been presented to the court this is the start of the probate process, discussed below.  Because a trust goes into effect as soon as you have signed the document, in addition to describing how you want your assets distributed after you pass away, it also allows you to control how your assets are handled during your lifetime.  For example, you can outline who would be in control of your accounts and how that person should manage the funds in the event that you become incapacitated and unable to manage your own finances. 

What is probate?

Probate is the legal process of administering the estate of someone who has died.  Typically, if a loved one has written a will, then when he or she dies, that will is presented to the court and probate is opened.  The court names the personal representative of the estate – usually whoever was named as executor in the will, but if there was no will, or if the named executor(s) are not willing or able to serve, then the court will appoint an administrator (usually the next of kin, if willing and able).  The personal representative has the responsibility to oversee the estate throughout the probate process.  This can include identifying and securing assets, paying outstanding bills, and distributing assets to the heirs or beneficiaries.  At Gordon Law Group, PLC, we can help you and your family with all aspects of the probate process. 

Powers of attorney and advanced directives

Of course, everyone wishes for a certain quality of life.  Here at Gordon Law Group, PLC, we know that the best way to ensure that your wishes are respected is to name a trusted individual to make decisions for you in the event that you are not able to make them for yourself.  If you develop a life-threatening illness or become incapacitated, you can have peace of mind knowing that someone you trust will be making decisions on your behalf.  By giving someone power of attorney in an advanced directive, you not only grant that person the authority to speak for you, but you also provide notice and instruction to the court of your wishes should any guardianship or conservatorship proceedings be started. 

Let our attorneys help you achieve your estate planning goals

Here at Gordon Law Group, PLC, we handle estate planning for clients with any size estate and we understand that each client’s needs and concerns are unique.  We treat each client’s plan with extreme attention to detail in order to ensure that the client’s goals are met, questions are answered, and plan is in place.  If you would like to start a discussion about creating your estate plan with any of our qualified and dedicated legal experts, please call for a free consultation today at 615.786-0113.  We are located in the little blue house near Music Row. 

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Planning to provide for your loved ones when you are no longer able is often a difficult topic to tackle, but here at Gordon Law Group, PLC, we can help guide you through the entire process.  Our attorneys understand that these are serious and sometimes sensitive topics to discuss, so we take the time to identify and address your individual needs.  When you plan your estate with Gordon Law Group, PLC, our goal is for you to have the comfort and reassurance of knowing that your wishes will be carried out and your estate will be protected.

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Gordon Law Group has been earning the trust of Tennesseans since 1990 and has become trusted as the law firm for people in Middle Tennessee. With a long list of satisfied clients, it’s easy to see why Gordon Law Group recommended for their friendly approach to helping people.

Gordon Law Group, LLC

803 18th Ave S

Nashville, TN 37203

(615) 786-0113

Celebrating 24 Years

on Music Row

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