Should everyone have a will? Yes. Does everyone have a will? No.
One in seven has a will at the time of passing, the remaining six with the "it will take care of itself" attitude. A will is a legal document that lays out who gets what and how much. You must be at least 18 years old, with sound mind, in other words you know what you are doing and decided things for yourself. Unless you write it by hand, (limited by law to a maximum of $10,000.00 in estate value) the will has to be signed in front of a notary, and signed by two witnesses.
You need a will when you: want to leave certain things to certain people, give all or part of your things to go to a friend or charity, want one person to get more or less than the others for whatever reason you believe necessary, want to make sure one person gets nothing, have no close family and/or you want one distant relative get everything. With the will you can create a trust, appoint a guardian, and set out how you want your disabled child taken care of, just to touch on a few uses of a will.
A will is also necessary to transfer land, buildings, a business or have anything worth a lot of money, and you need to save on taxes.
The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements, certification, specialization or self-proclaimed expertise. Certifications of specialization are available to Tennessee lawyers in all areas of practice relating to or included in the areas of Civil Trial, Criminal Trial, Business Bankruptcy, Consumer Bankruptcy, Creditor's Rights, Medical Malpractice, Legal Malpractice, Accounting Malpractice, Elder Law, Estate Planning and Family Law. Listing of related or included practice areas herein does not constitute or imply representation of certification of specialization. These disclosures are required by the Supreme Court of Tennessee. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.