A will is a vital document in any estate plan. Without it, no one can know your intentions and what you'd like to see happen with your assets. Without a will, your potential beneficiaries and heirs may fight over your estate, and they will likely have to go through probate, which is a long, drawn-out legal process.
If you're the executor of a will, then you will be in charge of its execution. You'll have to carry out your loved one's wishes for them, since they are no longer able to do so.
When you're planning your estate, it's very important to have a valid will. Your will has many consequences, so knowing that it is going to stand up in court is a necessity.
Probate is a long process in some cases, and it's filled with legal requirements. As an executor, you'll want to make sure that you administer the estate quickly after your loved one dies. Probate is the way you obtain the power to do so.
Once a person dies, it is important to execute the will as soon as possible. Normally, the will first has to be filed with the probate court. Then, it can be executed.
Your last will and testament is probably the most important estate planning document you will create. Therefore, you will want to ensure that the will you draft and sign is both lawful and appropriate given your situation. Here are a few basic considerations that every Tennessee testator should keep in mind when creating such a document:
One of the reasons why a will could be invalidated after someone dies is because not all of the necessary components were included in the will. Sometimes, missing a single required component could invalidate a will. To protect your last will and testament from future legal challenges when you're no longer available to state your wishes, you should make sure that the following elements for your will were present:
The worst thing that can happen with any estate plan is to have the will invalidated after the estate planner dies. This could render the entire goal of the estate plan moot, and then the estate could be managed (and divided) according to a prior will or Tennessee intestacy laws. To avoid a situation like this, estate planners must make ever effort to ensure their wills are valid by adhering to the following six requirements:
Tennessee residents who are setting up their wills and other estate planning documents will need to gather specific information that's required to finalize their plans.
Just because a Tennessee resident appears to have signed and dated a will, it does not mean that the will is going to be valid. There are a lot of rules and regulations that go into the validation of a will, and there are many ways that such a document could be contested in court. Following are some of the primary reasons for contesting a will: