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Create a Tennessee Living Trust

The US legal system can seem like a mystery to most consumers. The average American can encounter an aspect of it through television court dramas or watching two parties duke it out in a reality court show. You'll probably never watch an estate go through the probate court on television, not because there won't be high stakes and tension-filled feuds. Capturing an estate going through probate may take up to three years to film. Watching surviving family members write checks isn't gripping, ground-breaking television. Probate is an expensive, time consuming court procedure which executes a will. It can last up to three years and cost up to 10% of your estate. In most states, you can avoid this probate court through something called a living trust.

Estate planning is the process of organizing your financial and personal interests so that your wishes are met with a minimum of inconvenience and expense to your family. We all know a will allows you to plan for what happens to your possessions after your death; so does a Tennessee living trust. What's the difference between the two? Creating a trust is, in a way, creating a separate entity. Once you create this entity, it, not you, becomes the owner of every piece of property you transfer into it.

For more information about living trusts, check out LegalZoom's free, online legal library. If a Tennessee living trust sounds right for your estate planning needs, form one today by filling out our easy-to-follow online questionnaire. Let LegalZoom give you the confidence that comes with a future well planned.