Last Will and Testament: The Cornerstone of Your Estate Plan
Quick Answer: A will directs who receives your property, names an executor, and can appoint guardians for minor children. It does not avoid probate by itself.
What Your Will Can Do
A properly executed will sets out your distribution plan, selects an executor to manage the estate, and can nominate guardians for minor children. It can also include testamentary trusts for added control over timing and use of funds.
Limits of a Will
A will does not control assets that pass by beneficiary designation or joint ownership, and it does not avoid probate. Coordinating your will with trusts and account titles ensures your wishes are carried out efficiently.
Execution Requirements Matter
Wills must meet Tennessee’s formalities to be valid, including signatures and witness requirements. Self-proving affidavits can help streamline probate. Updates are recommended after major life events.
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