Essential Estate Planning Documents in Tennessee

Planning for the future isn’t just about finances; it’s about making things easier for the people you love. A well-structured estate plan helps ensure your wishes are honored and your assets are distributed smoothly. In Tennessee, several key documents are worth including in your estate plan.

Last Will

Your last will is the foundation of most estate plans in Tennessee. In this document, you state who will receive your property, who will serve as guardian for minor children, and who will act as your executor (the person responsible for managing your estate). Without a valid will, Tennessee’s intestacy laws decide who inherits your assets, which may not line up with your preferences. A properly drafted will provides clarity, reduces family disputes, and gives you control over how your estate is handled.

Durable Power of Attorney

A Durable Power of Attorney allows you to appoint someone you trust to manage your financial and legal affairs if you become incapacitated. In Tennessee, this can include paying bills, managing bank accounts, handling real estate, and dealing with insurance or government benefits. Without this document, your loved ones may have to go through a costly and time-consuming court process to be appointed as your conservator. A power of attorney helps avoid those delays and ensures your affairs are handled promptly.

Healthcare Power of Attorney and Living Will in Tennessee

Two additional documents are critical for medical decisions: a Healthcare Power of Attorney (or healthcare agent designation) and a Living Will or advance directive. The healthcare power of attorney authorizes someone to make medical decisions on your behalf if you cannot speak for yourself. A living will outlines your wishes regarding life support, resuscitation, and other end-of-life care. Together, these documents give your family guidance and relieve them of guesswork during emotionally difficult times.

Revocable Living Trusts and Beneficiary Designations

Many Tennessee residents also benefit from a Revocable Living Trust, which can help assets pass outside of probate, maintain privacy, and provide ongoing management for minors or beneficiaries with special needs. It’s also important to regularly review beneficiary designations on life insurance policies, retirement accounts, and payable-on-death accounts so they match your overall estate plan.

Call Burch and Stewart for Estate Planning

Estate planning in Tennessee is not one-size-fits-all. The right combination of documents depends on your assets, family situation, and goals. At Burch and Stewart Attorneys, we help you understand your options and create a customized estate plan that protects your legacy and loved ones. Contact us online to schedule a consultation and take the first step toward securing your family’s future.