Revocable Living Trusts

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Attorneys for Revocable Living Trusts

Crow Estate Planning & Probate provides estate and business planning services to help you feel prepared and protect your assets. Our professionals devote the time and energy required to create tailored terms that suit your preferences. 

Whether you’re creating a living trust for the first time or have existing plans you’d like to modify, our experienced team will provide the valuable guidance and services you need throughout Tennessee and Kentucky. 

Rules and Regulations for Revocable Living Trusts

A revocable trust provides detailed instructions and guidelines for your estate. Once signed, the terms are put into place, and the assets must support your care throughout your lifetime. 

The grantor, or the person who creates the trust, can manage the assets or appoint someone else. A trustee refers to an individual, family member, friend, trusted advisor, or institution managing the resources and funds.

If an original trustee cannot fulfill their role due to a disability or death, a successor trustee will take over the responsibilities. The plans are considered revocable, offering a way to amend the terms or return assets at any time.

What Assets Are Placed in a Revocable Living Trust? 

Revocable trusts may cover many assets, including the following:

  • Bank accounts: Determine how you want assets in your bank accounts distributed during your lifetime or after death. 
  • Investment accounts: Identify how you’d like brokerage accounts and non-retirement investments passed to your heir.
  • Personal property: Specify the beneficiaries who should inherit personal belongings ranging from jewelry to furniture. 
  • Real estate: List the names of family members, friends, or individuals who should inherit your real estate properties.
  • Businesses: Provide detailed plans regarding your business interests and operations.

The legal documentation does not cover assets such as cash, vehicles, retirement accounts, health or medical savings accounts, or generally assets held outside the United States.

In the case of retirement accounts, we do advise naming the trust as a beneficiary to ensure they properly flow into the trust upon a grantor’s death.

Benefits of a Revocable Living Trust

If you want to make your asset handling as easy and convenient as possible, a revocable trust may be the ideal solution for you and your loved ones. Professional attorneys can work with you to develop flexible terms regarding the control and distribution of your estate. 

Revocable trusts allow the transfer of assets during a grantor’s lifetime in the event of disability, illness, or aging. The trust also allows grantors to name a successor trustee who can manage assets on their behalf if they become incapacitated.

When a grantor owns a business, revocable trusts can appoint a successor trustee to continue the operations. Proactive planning helps minimize downtime and maximize revenue. 

After a death, revocable trusts allow beneficiaries to avoid lengthy probate timelines. Beneficiaries may receive the assets already transferred into the trust without waiting for a court appointment.

Any assets that aren’t transferred or fully funded during the grantor’s lifetime may need to go through probate.

Living trusts provide a way to plan for unexpected situations. The flexible terms allow a grantor to adjust estate planning goals when their circumstances or the people in their life change.

The trusts are legal in all states and offer portability with relocations. When you work with professional attorneys, the documentation is easy to set up and update as needed. 

Grantors and trustees decide who receives access to the trust. After death, only the listed beneficiaries are entitled to a copy of the confidential documentation. The information is disclosed to federal and state taxing authorities as needed.

Living trusts allow successor trustees to distribute assets without a public process and written record in court. Privacy helps protect the beneficiaries from external pressures, such as individuals seeking financing help, investment opportunities, or charities. 

Revocable Living Trusts in Tennessee and Kentucky

If you’re looking for a way to protect what matters most and secure your assets for future generations, let Crow Estate Planning & Probate help. Our firm offers professional and respectful services that deliver top-quality results. 

Our team can provide an overview of laws and regulations in plain language. We strive to answer any questions you have and maintain open communication with you regarding your trust planning and management processes.

Getting started is straightforward with us — during a free consultation, we’ll discuss your plans for a living trust. Our team provides transparent pricing information with upfront fees and fixed rates.

Why Choose Crow Estate Planning & Probate?

Crow Estate Planning & Probate proudly offers the following: 

  • Trustworthy services: Our dedication to excellence has earned us many five-star reviews from clients. 
  • Educational resources: We provide informational articles and FAQ pages for you to explore online.
  • Guidance and support: Our professionals offer detailed suggestions and help you achieve your goals. 
  • Tailored plans: We provide custom estate and business planning services aligned with your needs. 

Protect Your Legacy With Trusted Attorneys

Crow Estate Planning & Probate serves many communities around Tennessee and Kentucky. Ready to find a revocable living trust attorney near you? To learn more or schedule a consultation, get in touch with our team today.

Hear From Our Clients

Marshall P

Mr Crow and his staff are amazing! Especially the person assigned to my account, so a special thank you to Callie! Callie answered all of my questions and set expectations during a very confusing time in my life. Mr Crow and his team worked diligently with my specific situation and were very results driven. I would recommend Crow Estate Planning and Probate to anyone looking for an estate or probate attorney.

Benny H

Today my wife and I completed (at Crow Estate Planning and Probate) our Will, Living Will, Power of Attorney for Finance and Medical. As a Tennessee CPA for over 20 years (now retired), I’d like to leave this review so that others may benefit. Our experience rating with with Crow Estate Planning and Probate is EXCELLENT. Our legal team was Kyle Shannon, Callie and Julia. This team was competent, courteous, and professional. They made a potentially complex experience “easy” despite multiple minor trusts involved. The charge for professional services rendered was very reasonable. My wife (Denise) and I would like to thank Kyle and his team (Callie and Julia) for a great experience that exceeded our expectations. I will return for legal needs and I will refer family and others to Kyle, Callie and Julia.

Vic H

I’m very grateful to Mr. Shannon and Callie for the great job they did taking care of my muniment of title. Everyone in Mr. Shannon’s office was exceedingly kind and helpful.

Lisa M

They are caring, very helpful and not too expensive. I would recommend them to anyone that wants to plan for their future death and their children.

Ken A

Crow Estate Planning was caring, professional and took great care of our family. John personally prepared my mother’s estate and completed her final wishes. Their staff was always friendly and eager to assist. Our family strongly recommends John and Crow Estate Planning

Amanda H

Mr. Crow and his staff were very knowledgeable, prompt and pleasant to work with in the estate planning process. Very satisfied clients and highly recommend!

Nick D

Working with Kyle Shannon and Brittney Stewart to setup our Living Trust was nothing short than amazing! Very informative, very responsive, and made the whole process easy to complete.

Todd K

It was an absolute pleasure to work with Kyle establishing my Estate planning needs. Kyle was very thorough and knowledgeable. Kyle’s understanding and professionalism made for a simple and smooth process. Highly recommended!

George D

Be far the best estate planning firm in Clarksville.

Marc M

Warmly greeted. Attorney was very attentive to our needs. Reasonable fees.

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