Find Out What Legal Options Are Available To You 615-988-4106 Contact Us

Why is an estate plan so important for heirs?

There are many different things to consider when you are planning your estate. Every estate has different factors that could play a role in an estate plan's development.

Creating your estate plan can be a complex task, and it can be emotionally overwhelming in some cases. It's a good idea to work with someone who has created estate plans in the past if you're worried about making sure that your plan minimizes taxes, communicates your wishes clearly and helps you avoid mistakes or unwanted complications.

Manage what you leave behind with your estate plan

With your estate plan, you're going to be able to manage and maximize what you leave behind to your beneficiaries and heirs. You might need legal or tax advice to make the best decisions for your estate and to minimize the overall risk of taxation.

Becoming informed about the actions you can take to make your plan secure and to help guarantee a payout to your beneficiaries is important.

What determines if your estate is taxed?

Estate and inheritance taxes can be levied against your estate or your beneficiaries. Taxes are generally determined by looking at the overall value of your estate before any of the assets are distributed to your beneficiaries. By using trusts and some other creative solutions, you may be able to minimize the size of your estate, which helps keep taxes low.

Our website has more on estate taxes and how you can take steps to make sure your estate plan covers all the different aspects of your situation. A good estate plan will make sure your wishes are known and carried out.

No Comments

Leave a comment
Comment Information

When you need legal help, we are here for you.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Our Office Location

Mary C. LaGrone
234 4th Avenue North, Suite 300
Nashville, TN 37219

Phone: 615-988-4106
Fax: (615) 242-6750
Nashville Law Office Map

Map & Directions