We understand that it may be difficult to give due consideration to issues related to estate planning, elder law, and family law. This is one of the reasons why we work hard to make sure that our clients are familiar with all of their options, including not only wills and trusts but also health care proxy instruments, so that they can make truly informed decisions to secure their family’s future. We do not think of estate planning as a simple “transaction.” Instead, the goal of Nashville estate planning lawyer Randy Ratliff is to serve as your trusted adviser and counselor.
As we see it, the more that our clients know and the better that they understand the various legal tools available to them and the consequences of failing to make their wishes known well in advance of death, disability, or another situation in which they cannot make decisions for themselves, the more successfully that we can work together to develop a long-term estate plan. It is also important for people who already have an estate plan to have periodic “checkups” to go over their existing documents. A change in marital status or the ownership of a small business – or even a change in the law – may be a reason to reconsider previous decisions concerning an estate plan or another legal matter.Considering Your Unique Needs
Each family is unique. A couple with children still at home has different considerations from someone who is advanced in years, divorced, and the owner of a small business. While the law of intestate succession, which applies when a person does not have a will, might reflect some of the wishes of the couple, they still might benefit from devising a will or possibly a trust. In an estate planning instrument, they may specify a person whom they would prefer to become a guardian of their minor children should they pass away, set up a trust and name a trustee so that their assets will not pass to their children until they are old enough to know how to handle these matters, and make specific bequests, such as a charitable donation. The couple might also consider a living will or health care directive, especially if they have strong feelings about whether or not to continue life support in the event of an accident or illness.
The older individual also needs an estate plan containing a will or trust, especially if they do not have children to whom they wish their estate to pass. A business succession plan and an asset protection plan may be worthwhile considerations. Our office can also help with elder law matters, such as Medicaid planning or Medicaid qualification, so that as much of a client’s estate as is legally possible may be retained in the event of a need for nursing home or other long-term health care arrangements. Together with your tax professional, we can assist with advanced tax planning, informing you about strategies to help minimize estate and gift taxes. We also handle family law matters, such as prenuptial agreements, divorce and property division, and child custody and support issues.Seek Assistance from a Nashville Lawyer Skilled in Estate Planning Matters
Whether it is a simple will, an advanced business succession plan, or a strategy to protect your lifetime savings from the nursing home, advice from the Randy Ratliff Law Offices, PLLC, can help you sleep at night knowing that the plan we create together will save you expense, time, and turmoil. To schedule a confidential consultation with a Nashville estate planning attorney, call us today at 615-656-8282 or contact us online. We represent families throughout Davidson and Williamson Counties, including in Antioch, Hermitage, Madison, Goodlettsville, Joelton, Franklin, Brentwood, and Cool Springs. There are a lot of options that people may consider when planning for the future. Elder law attorney Randy Ratliff believes that you should know which will benefit your family, business, and heirs most effectively in the long term.