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Reviews and Ratings
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What a great experience. Mike and his staff are the best Law firm I have encountered. They are down to earth yet professional. Mike takes time to address any concerns and answered all my questions. He took time to listen and guide me in the...
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Had a great experience at the Parham Estate Law. Fast and accurate service.
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Great service but more importantly they are subject matter experts that I felt very comfortable with for estate planning services. They were patient, extremely knowledgeable, friendly, efficient, and flexible. I am glad I chose them for the...
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We have used Mike's services for over 10 years. He provides sound advice and easily answers any questions that we might have. He has a great staff who provides excellent communication.
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They were very kind and accommodating to my grandmother & I. They squeezed us in last minute and took great care of us.
- posted: Jul. 20, 2020
If you are like most people in Tennessee, the topic of estate planning is one that you are trying to avoid. Whether you do not like discussing your own mortality or are simply afraid of the process, you have been pushing off discussion of this area. However, you should know that estate planning is not just for rich people and is something that you need to consider.
Start with the basics
It is best to use a methodical approach when it comes to estate planning. Think of it one part at a time. The first thing is to inventory your assets and the people in your family who need to be provided for in the future. Then, make sure to learn about the various options that are available to you. They may not be as difficult to understand as you think. Once you have your estate plan in place, you need to come back to it periodically and reassess it when your life changes.
The costs of not having an estate plan
While you may be hesitant to spend the time and the money now on something that you think you will not need for years, there is no more advantageous time than now. Since estate planning is about more than just a will, your family may need to make difficult decisions without any guidance in place. The estate plan will help prevent discord and litigation in the future.
If you are afraid of getting started, you may want to sit down with an estate planning attorney to begin the discussion of the steps that you need to take. The attorney may help educate you as to what is necessary. They may then counsel you on the various solutions that could work for you and your family. Finally, they might help you draft the relevant documents so that they are completed correctly.
