At the Law Office of Chris Ware, we are dedicated to planning and securing personal legacies. Led by attorney Chris Ware, the firm is focused on providing Personal Estate and Small Business Planning.
A living trust is a legal document that, just like a will, contains your instructions for what you want to happen to your assets when you die. But, unlike a will, a living trust can avoid probate at death, control all of your assets, and prevent the court from controlling your assets if you become incapacitated.
A will is defined as a set of instructions for disposing of one's assets after death. A will provides your instructions to your county probate court. Any assets titled in your name or directed by your will must go through your this probate process before they can be distributed to your heirs.
Special Needs Planning
For the parents of disabled or special needs children, estate planning is of supreme importance. Without proper parental estate planning, a disabled child who is unable to live independently may be left extraordinarily vulnerable.
If you are worried that an inheritance will negatively impact your child’s ability to collect public assistance, consider setting up a Special Needs Trust.
Elder Care Planning
As we age, a vast majority of us will require long-term care at some point in our lives. Planning for long-term care can often take on many forms and may involve addressing issues such as: residential care coordination, Medicaid planning and qualification, gifting strategies and asset transfer techniques.
Providing our community with intelligent new companies creates a lasting legacy that will remain for generations. Our firm is honored to offer Memphis and the Mid-South businesses with legal services for every stage of the business life cycle.
Whether you are creating a new start-up or your business is thriving, we would love to help you put your business on a firm foundation.
Probate is the legal process through which the court sees that, when you die, your debts are paid and your assets are distributed according to your will. If you don't have a valid will, your assets are distributed according to state law.
NFA Gun Trusts
An NFA trust makes it easier and more private to transfer not only NFA firearms, but any guns, to your family members if you die or become disabled. Assets in a trust pass directly to your beneficiaries outside of the probate system. There is no public record of what you own.