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What Your Will Controls & What It Doesn’t
A last will governs assets titled solely in your name: real estate, bank accounts without a payable-on-death designation, personal investments, and personal property. Certain assets pass outside the will entirely, regardless of what it says.
Assets that a will does not control:
- Jointly held property with right of survivorship
- Retirement accounts and life insurance policies with named beneficiaries
- Assets held in a living trust
For Chattanooga clients who own real estate in Georgia or Alabama, this distinction becomes especially important. Out-of-state property may require ancillary probate proceedings in those states, and how your will interacts with their laws is worth discussing with counsel. We have experience with estates involving multiple real estate holdings across Tennessee and neighboring states, and our cross-state licensure can help reduce the need to work with separate attorneys for each jurisdiction.
A will can also create a testamentary trust to hold and distribute assets for a minor child or a beneficiary with special needs, letting you set conditions on when and how distributions occur. Life changes such as marriage, divorce, the birth of a child, the death of a named beneficiary or executor, or a significant shift in assets are all reasons to revisit and update your will.
Why Attorney Drafting Matters for Your Last Will
Online will templates don’t account for Tennessee’s specific execution requirements. A will signed without two disinterested witnesses present at the same time, or one with vague bequest language, can be declared invalid in probate. An attorney can also prepare the self-proving affidavit at signing, which can simplify estate administration for your executor and beneficiaries.
Attorney-drafted wills can be less vulnerable to challenges on grounds of lack of testamentary capacity, undue influence, or failure to meet will formalities. Because we handle estate planning alongside estate administration and probate litigation, the attorneys who prepare your will are available if disputes arise later.
Our office is located in the Historic James Building in downtown Chattanooga. We communicate in plain language throughout the process, and our fee structures are tailored to your situation. We also accept major credit cards.
Contact us today at (423) 427-4944 to speak with a last will lawyer at Horton, Ballard & Pemerton PLLC and get started with a free consultation.
What it means to work with our firm
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Straightforward Legal Advice
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Nearly 100 Years of Legal Experience
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Guided Representation
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Skilled Litigators
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