How many seniors in Knoxville and the state as a whole are participating in estate planning?
If your loved one doesn’t have a will or other important documents yet, they may not have any control over the decisions made on their behalf. They likely would prefer to have a say. That’s where a Knoxville estate planning attorney can help. They’ll work with your loved one to compose documents like advanced medical directives, living trusts, and more to ensure your family understands your aging relative’s needs. The IRS released findings on the number of trusts filed in Tennessee:
With over 1 million senior residents in Tennessee, the data indicates that most aging citizens aren’t planning ahead, which can lead to conflict among family members and other issues when the estate goes to probate. Finding a reliable attorney to help your loved one make a reliable plan allows them to feel prepared and secure.
Do adult children in Knoxville have any worries about their parents estate?
While many adults aren’t preparing for the future, seniors typically want and struggle to ask for help to prepare for senior living and the end of life. This is an important discussion to have as it can benefit the family as a whole. The chart below outlinesthe concerns held by adult children of aging parents:
From the information above, it’s clear that adult children face concerns about their aging parents, though many are uncertain. Having the conversation with the senior in your life now can prevent suffering and isolation, as well as allow your family to take steps to help your loved one begin the process.
How to choose the best estate planning attorney in Knoxville
Even if the senior in your life already has a lawyer on their team, they may benefit from working with someone who specializes in estate planning. Compile a few options for an estate planning lawyer in Knoxville and strike off anyone who can’t or isn’t eager to provide references. From there, you’ll want to get a better understanding of their background, both academically and professionally. Find out what you can about the kind of trusts and estate experiences they’ve had to ensure that they can provide adequate support to your loved one during the planning process.
Because the senior in your life will have an ongoing relationship with their estate planning attorney, you’ll want to be sure they feel comfortable with them. In addition, the price can vary dramatically depending on the complexity of the estate, so discuss the attorney’s pricing details as well. Explore our comprehensive guide to choosing an estate planning attorney for more information.
Estate planning solutions for Knoxville seniors
While it can be frightening to consider a future without your loved one, it’s important to have them tackle this aspect of their golden years. They can trust a Knoxville estate planning attorney to defend their wishes and ensure their estate is properly handled. In addition, the senior in your life can rest easy knowing that their family members won’t have to handle it all on their own upon their passing.
While it can be easy to let it slide by, don’t let your loved one postpone their end-of-life arrangements until it’s too late. Browse our listings for quality estate planning services in Knoxville today.
