Free Tennessee Will - Grandparent with Grandchildren's Trust

This Will is useful for a single or married grandparent who has minor grandchildren or who expects to have grandchildren. It continues to be appropriate after the minor grandchildren become adults.

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Grandparent with Grandchildren's Trust

 

This Will is useful for a single or married grandparent who has minor grandchildren or who expects to have grandchildren. It continues to be appropriate after the minor grandchildren become adults. Of course, the Will also allows for distributions to your spouse, children, and others.

If the Willmaker's estate is expected to be larger than the federal estate tax applicable exclusion amount ($2,000,000), it may be desirable to use more complex estate planning techniques that are not provided by this program. For such cases, this Will can be used to prepare for an office conference with a lawyer who can assist you with the preparation of a more complex will.

Note: A separate will should be created for each person. Even for married couples, a "joint will" (not offered by this program) is not recommended.

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Reasons to Create



Tennessee Will - Grandparent with Grandchildren's Trust

 
- You own property to be distributed after your death. This Will is not appropriate for married adults with estates larger than the federal estate tax exemption amount, which is $625,000 for 1998 and will increase to $1,000,000 by year 2006.
- You want to designate the persons or organizations that will receive your property upon your death.
- You want to designate the person or organization who will carry out the terms of the Will.
- You want to provide trusts for the benefit of your minor grandchildren.
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