Protecting the Assets of You and Your Loved Ones
Many people have a negative impression of probate and estate planning, fearing the process will be too lengthy or too expensive. The law office of William O. Foutch, Jr., offers clients throughout Morristown and East Tennessee affordable and thorough estate planning and probate services.
Contact the firm online or call 423-200-4682 to schedule an appointment with a lawyer. Attorney Foutch handles most aspects of estate planning and probate, including:
- Wills
- Guardianships
- Trusts and revocable living trusts
- Administration of estates
Understanding the Estate Planning and Probate Process
Proper estate planning puts you in the driver's seat regarding your assets and what will become of them in the event or your death or disability. Such planning also sets you and your family up to avoid negative tax implications, court involvement and costly legal battles.
To a certain extent, you can use estate planning to dictate whether the estate pays for your debts after your death, or if that will be left to the beneficiary who receives the assets. Writing a will can also waive some of the formalities that have costs associated with them, such as bond accounting and inventory.
The probate process is merely the process of collecting the assets of the estate, paying debts and distributing the estate to beneficiaries under the will. Attorney Foutch works with clients to resolve outstanding expenses under the deceased person's name, including funeral expenses, credit card debt and medical bills not covered by the insurance carrier. The secured debt may or may not need to be paid during the administration of the debt.
Demystifying the Process
The probate process is not as confusing as it may seem originally. What makes it seem difficult is the fact that the public does not generally handle probate matters, so the forms and procedures seem foreign.
Attorney Foutch has been working through the estate planning and probate process for over 35 years. He has a strong understanding of the steps that need to be taken to efficiently settle everything that arises. Schedule an appointment with attorney Foutch by contacting the firm online or calling 423-200-4682.
William O. Foutch, Jr.
830 W 1st North St
Morristown, TN 37814-4548
Telephone: 423-200-4682
Toll Free : 866-394-4564
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