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Tennessee Mutual Wills package with Last Wills and Testaments for Married Couple with No Children

State:
Tennessee
Control #:
TN-WIL-01458C
Format:
Word; 
Rich Text
Instant download

Description

The Mutual Wills package with Last Wills and Testaments you have found is for a married couple with no children. It provides for the appointment of a personal representative or executor, designation of who will receive your property and other provisions, including provisions for your spouse. This package contains two wills, one for each spouse. It also includes instructions.


The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.

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How to fill out Tennessee Mutual Wills Package With Last Wills And Testaments For Married Couple With No Children?

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FAQ

Only assets that the deceased person owned in his or her own name, alone, must go through probate. All other assets pass to new owners without oversight from the probate court. Assets that go through probate make up what's called the probate estate.

Create the initial document. Start by titling the document Last Will and Testament" and including your full legal name and address. Designate an executor. Appoint a guardian. Name the beneficiaries. Designate the assets. Ask witnesses to sign your will. Store your will in a safe place.

As long as it was properly signed and witnessed by two adult independent witnesses who are present at the time you sign your will, it should be legally binding.Using the wrong wording could mean that your instructions aren't followed, or even that your will isn't valid.

No. You can make your own will in Tennessee, using Nolo's do-it-yourself will software or online will programs. However, you may want to consult a lawyer in some situations. For example, if you think that your will might be contested or if you want to disinherit your spouse, you should talk with an attorney.

However, the process can take longer if there is a dispute over the deceased person's will or any unusual assets or debts involved. In terms of filing for probate, if the estate is small and has a value of $50,000 or less, a small estate affidavit can be filed 45 days after the death of the property owner.

Generally, yes. The Tennessee statute on Wills recognizes the validity of holographic or handwritten Wills. T.C.A. § 32-1-105.

Witnesses: A Tennessee will must be signed by at least two witnesses, who should not also be beneficiaries in the will, in the presence of the testator and of each other. Writing: A Tennessee will must be in writing. Beneficiaries: A testator can leave property to anyone.

Tennessee, however, has no statutory time limit for when an executor must submit the will for probate. There is no penalty for not probating a will. That means if the will is never submitted to probate, the assets remain in the decedent's name so long as the estate continues to pay the required taxes.

For the vast majority of individuals, my cost to prepare an estate package including a Will, Power of Attorney, Healthcare Power of Attorney and Living is a flat rate of $450.00. I charge this same flat rate for both single individuals and married couples.

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Tennessee Mutual Wills package with Last Wills and Testaments for Married Couple with No Children