Wills and Estates
Why Do I Need a Will?
Most of us believe we need wills. For some of us, our primary concern is how will our children be cared for if something happens to us. For others, we want to make sure our assets go to our intended beneficiaries. Still, others want to save money on total costs.
What’s in a Will?
With a will, you can:
- Direct where and to whom your estate will go after your death;
- Make the administration of your estate much easier for your heirs;
- Choose the person to administer your estate and distribute your assets according to your wishes and;
- Appoint a trustee and designate whom you want to be guardian for your minor children
How Does The Planning Process Work?
When you contact the Law Office of Donna Simpson, an appointment will be scheduled with an attorney to determine your specific needs and desires. In the first meeting, an attorney will discuss with you about what you want to accomplish through your Will and review your specific needs. We will then prepare the documents necessary based upon our consultations and conversations with you.
What are the specific documents I need?
Our office can prepare the following documents to implement your planning goals. We can create:
- Last Wills and Testaments
- Durable Financial Powers of Attorney
- Advance Care Plans
- Health Care Agent forms
- Pre-Nuptial Agreements
Durable Powers of Attorney
The durable power of attorney is an important estate planning instrument that is effective during your lifetime before your will takes effect at your death. Donna Simpson will talk with you about the advantages and disadvantages of having the Durable Power of Attorney effective immediately or effective only upon your disability. In either event, the Power of Attorney will remain effective after you become disabled or incapacitated.
Health Care Agent
You can also appoint a trusted friend or relative to make health care decisions for you when you cannot make them for yourself.
Probate of a Will and Administration of Estates
When your loved one has died, the Law Office of Donna Simpson will work with you to help make probate of a will or administration of an estate as painless as possible. The probate process in Tennessee will be much easier if you work with an attorney to guide you thorugh the process.
Advance Care Plan
An advance care plan allows you to let your family and doctor know your decision for health care if you become unable to decide for yourself. You can appoint someone you know and trust to make decisions for your health care. Completing this plan allows you to ensure that your wishes are honored.
A pre-nuptial agreement is a document that a couple enters into before marriage to determine how assets will be distributed in the event of divorce or death. Donna Simpson will personally consult with you concerning the pros and cons of entering into a prenuptial agreement. She will represent only one party to the agreement. Because of her many years of experience in family law, she is uniquely qualified to prepare or review an agreement for you.