Russ Cook & Associates, PC
view our Practice areas

Estate plans that protect assets and privacy

It’s flattering to have fans, but it can be frustrating when they watch everything you do. It’s not just the Lifestyles of the Rich and Famous that interests people; fandom continues after death. A recent example is Hugh Hefner. The Playboy founder passed away at the age of 91, and now people are asking what will become of his estate.

The more complicated an estate becomes, the more detailed the estate plan should be. While a will is a useful tool for basic assets, it’s subject to probate. Probate is costly, time consuming, and subject to disputes. Also significant: anything that goes through probate is accessible to the public.

The trust advantage

Trusts allow complex assets to change to hands efficiently, without touching probate or public record. They keep ownership and assets private while granting flexible, personal control over the estate. While there are many different trust structures, the fundamental concept is that the trust controls property through an appointed trustee. Upon death, the trust then transfers ownership of property to beneficiaries, based on the terms that you define.

With complex property, there are several advantages to a trust over a will:

  • Trusts are private.
  • Trusts are harder to contest.
  • Trusts allow faster transfer of ownership.
  • Trusts allow for detailed distribution of assets, which may be essential for complex property.

Avoiding probate

Even if the deceased left a will in place, probate will take a long, thorough review of any property before it changes hands. The more complex your estate, the longer probate will take. A longer timeframe brings added concerns: higher administrative cost, more likelihood for dispute, and any logistical challenges that come when property is managed by interim owners. By avoiding probate, a trust increases privacy and reduces the administrative logjam.

Trusts are complicated, but fit to individual needs. It’s possible to limit inheritance to spendthrift heirs, define business plans following your death, or to leave special care instructions for family members with unique needs.

A trust protects your privacy and your loved ones, on terms you set. An experienced estate planning attorney can help you gain a better understanding of what type of trust is best for your personal assets.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying About Us

  • Star

    “I recently moved to TN from MN and needed to re-do my trust documents, including a pet trust, to be compliant with TN law, and to find an entity able to act as my trustee. Russ and his staff were able to answer all of my questions quickly and efficiently, and I am comfortable and confident in Russ's representation and that my new documents will act as they are intended, when the time comes. They even put me in touch with a trustee who was involved in the process as well, which was so helpful. This was a big item on my move "to-do" list, and I am so pleased to have it completed!”

    - Kim J.
  • Star

    “We would definitely recommend Russ and any of his Associates. They are all very professional, efficient and well versed in Estate Planning.”

    - Cheryl H.
  • Star

    “Experienced, Knowledgeable, Friendly, Professionals all work here. I'm grateful my parents used this firm to create and maintain their Trust throughout the years. Working with the folks at Russ Cook & Associates, primarily Alex, Debby and Trina made the process comfortable working through Probate, Estate assets and Executing the Trust.”

    - Kemp S.
  • Star

    “Excellent work. They worked with us and never allowed us to miss a deadline. We definitely appreciated their help and would gladly recommend them to anyone seeking help with their estate planning.”

    - Mark S.
  • Star

    “Everyone we came in contact with was wonderful. The staff and Russ treated us like family at all times.”

    - June S.
  • Star

    “Being new to the area having moved from out of state, I was searching for an attorney to assist in elder estate planning for my mother. I was referred to Russ Cook & Associates and found the firm as a whole and Russ Cook himself to be very helpful and accommodating to my needs, as well as experienced and very knowledgeable on the matter I was seeking assistance. I would definitely recommend Russ Cook and Associates.”

    - Brad H.
  • Star

    “Mr. Cook and his staff were phenomenal to work with on my will. They are extremely professional and friendly and made the process seamless. They go above and beyond!”

    - Amber C.
  • Star

    “Russ took the time to answer my questions by email, so that I knew exactly what would take place when I visited his office and his time as well as mine was used efficiently. I appreciated his thoroughness and his professionalism, as well as that of his staff.”

    - JoAnn G.
  • Star

    “Overwhelmingly positive experience.”

    - Stephen W.
  • Star

    “I have been a client for many years. Russ and his staff listen to our concerns, come up with a plan and help us act on it with guidance and professionalism. I'd highly recommend Russ Cook and Associates.”

    - Dr. S. D'Amico
Email Us For A Response

Schedule An Initial Consultation Today

Contact us today to schedule a consultation by sending us an email or by calling 615-200-9117.
We assist clients throughout the Nashville area.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Brand Contact

5141 Virginia Way
Suite 220
Brentwood, TN 37027

Phone: 615-200-9117
Fax: 615-370-5938
Brentwood Law Office Map

Office Hours:
Monday: 8:00 AM – 4:30 PM
Tuesday: 8:00 AM – 4:30 PM
Wednesday: 8:00 AM – 4:30 PM
Thursday: 8:00 AM – 4:30 PM
Friday: 8:00 AM – 4:30 PM

Summer Hours Office:
8:00 AM - 1:00 PM on Fridays
May 24th Through August 30th

Map Image