Wills in Tennessee
This information is not
intended as a substitute for consultation with an attorney. Consultation
with an attorney is strongly encouraged to avoid serious tax liability
and/or invalidation of your will for lack of compliance with the
laws of the State of Tennessee.
What is a Will?
A will
is a legal document by which you instruct what is to be done with
your property after your death. It must be properly signed and properly
witnessed. Any person who is of sound mind and is eighteen (18) years
of age may make a will in Tennessee.
What Happens If You
Do Not Have a Will?
If
you die without executing a will, Tennessee law will govern how your
property is distributed.
- If you are
married and without children at your death, your estate will
pass entirely to your surviving spouse.
- If you are
married and have childred, your estate will pass to your children
and your surviving spouse.
- If you are
unmarried but have children, your estate will pass entirely to
your children.
- If you are
unmarried and without children, your estate will pass to your
parents if they survive you, otherwise to your brothers and sisters.
- Ultimately,
if no family member is ascertained, the estate will pass to the
State of Tennessee.
What Should Be Included
In a Will?
Generally,
your will should:
- appoint a
Personal Representative (sometimes called an Executor or Executrix)
to carry out the terms of your will and the laws that apply to
all estates;
- provide for
how you want your property to be distributed (include real estate,
bank accounts, savings bonds, stock, furniture and personal items).
You should consult an attorney about the advantages of setting
up a trust to minimize taxes and control how and when your property
is received by the beneficiary. Note: if you hold any property
jointly with right of survivorship, the joint tenant will automatically
assume your interest in the property, and therefore, the property
should not be listed in your will as an asset of your estate;
- appoint a
guardian for your minor or incompetent children to ensure their
well-being;
- address any
other personal concerns, such as funeral arrangements and the
like.
Is a Handwritten Will
Legal?
Yes. A
handwritten will is legal in Tennessee, provided that the document
is entirely in your own handwriting and is signed by you. This is
known as a "Holographic Will." Following your death, the
authenticity of your handwriting must be proven by two (2) individuals.
A will is a very
technical document. While a handwritten will may work well for
you, there is a high likelihood that it may not work well for you.
It is strongly recommended that such a document be prepared by
an attorney who has experience in this area of law. If your will
is invalidated at your death for whatever reason, Tennessee law
will govern how your property is distributed as if you had died
without a will.
How Do You Revoke Your
Will?
Your will
does not take effect until your death, therefore you may revoke it
at any time. This may be accomplished by:
- physically
destroying it;
- by signing
a document expressly revoking your will; or
- by signing
another will
Your will may
also be partially revoked by striking out the offensive provisions.
If you get divorced
after you sign your will, the will is automatically revoked as
to any provision concerning your ex-spouse. If you marry and have
children after signing your will, the entire will is automatically
revoked. Therefore, it is important to remember that after these
events occur, a new will must be drawn.
Other Related Considerations
Your may
also want to consider consulting an attorney about devising a "Living
Will" or a "Durable Power of Attorney for Health Care."
A "Living
Will" is a legal instrument that expresses your considered
decision to refuse medical attention should you become terminally
ill and unable to communicate your wishes.
A "Durable
Power of Attorney for Health Care" allows you to appoint a
person to make health care decisions for you should you be unable
to do so for yourself.
Advance preparation
of these instruments could spare you and your family considerable
pain.