Although it may be difficult to think about, estate planning is an important step you can take to protect the interests of you and your family. A well-prepared estate plan will help ensure your wishes are carried out and your loved ones are taken care of when you are gone.

 

Proper estate planning can provide care for any minor children, the disposition of important assets like cash and real estate, and avoid loss of funds to estate tax or legal fees. Having an estate plan in place can make the difference between having your assets and other property distributed as you wish, versus having a court make decisions that may not reflect your intentions.

 

Knight Legal uses several tools to ensure your wishes are met, including:

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• Wills & Trusts

• Powers of Attorney

• Living Wills

• Life Insurance

• Beneficiary Designations

• Joint Tenancy 

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Whether a C Corporation, S Corporation, Partnership, Limited Partnership, or Limited Liability Company, Knight Legal can help you set up a business entity that can result in both significant tax savings and limited liability. The effect is not only greater profitability, but also protection of your personal assets.

 

In addition to business formation, we can also assist you with contract review, business succession planning and dealing with employment and compliance issues. Contact Knight Legal today for all your business needs.

PROBATE

The probate process begins with a probate judge determining what property is left after you or your loved one has passed away. If you left a will, the court would first determine if the will is valid. The court will then work with the executor to wind down you or your loved ones affairs and dispose of your property according to the will. If you or your loved one died intestate, or without a will, the court will look to Tennessee’s intestacy statutes to determine how to divide the property. 

 

At Knight Legal, we work hard to make the probate process as quick and painless as possible.

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TRUST ADMINISTRATION

If you or your loved one passes away and their trust is not properly administered, the very people the trust was intended to benefit can be harmed. Further, the wishes of the trust creator may not be followed. We can help.

 

If needed, we will work with you, your trustees, and your beneficiaries to ensure that your trust is properly handled while you are alive and after you have passed.

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If you are handling a decedent's will or trust and need assistance with the administration of their estate, contact Knight Legal today.