Comprehensive Guide to Asset Protection Trusts in Mascot, Tennessee
Asset protection trusts are a practical tool for individuals in Mascot who want to protect assets from future creditors while maintaining control over distribution to loved ones. This overview explains how these trusts fit into broader estate planning and probate work, and why many Tennessee residents consider them part of a well-rounded plan. At Jay Johnson Law Firm, we help clients evaluate whether an asset protection trust aligns with their circumstances, financial goals, and the unique rules that apply in Tennessee, always focusing on clear, practical steps to reduce risk and preserve family wealth across generations.
Choosing the right type of trust and structuring it correctly is important to achieving meaningful protection and ensuring your intentions are honored. An asset protection trust can interact with wills, powers of attorney, and healthcare directives, and timing and funding are key elements. In Mascot and throughout Tennessee, a carefully drafted trust helps reduce the likelihood of future disputes and simplifies administration for heirs. Our goal is to present options in plain language, help identify foreseeable risks, and create durable documents that reflect each client’s priorities for preserving assets and supporting beneficiaries.
Why Asset Protection Trusts Matter for Mascot Families
Asset protection trusts can provide layers of financial protection that ordinary estate documents may not offer. They can shield certain assets from creditor claims, help preserve benefits eligibility, and make succession clearer for beneficiaries in Mascot. Beyond creditor protection, these trusts can reduce probate exposure and provide a framework for handling family inheritances with fewer conflicts. When considered in tandem with tax planning and long-term care strategies, an asset protection trust becomes a central component of preserving a family’s financial stability and passing assets according to the client’s intentions.
About Jay Johnson Law Firm and Our Approach
Jay Johnson Law Firm serves clients across Hendersonville and Mascot with a practical focus on estate planning and probate matters. Our approach emphasizes clear communication, thorough document drafting, and planning that reflects each client’s personal circumstances and Tennessee law. We work closely with clients to understand their priorities, coordinate with financial advisors when needed, and prepare trusts and related documents designed to be reliable and defensible. Clients appreciate straightforward guidance on how an asset protection trust fits into an overall plan and the realistic benefits to expect over time.
Understanding Asset Protection Trusts and How They Work
An asset protection trust is a legal arrangement where assets are held by a trustee for the benefit of designated beneficiaries, generally with terms that limit access by creditors under certain conditions. These trusts can be revocable or irrevocable, each with different legal effects. Revocable trusts offer flexibility but limited protection from future claims, while irrevocable trusts can provide stronger protection but involve giving up direct ownership. Understanding the trade-offs between control, tax considerations, and creditor protection is an essential step when evaluating whether a trust is appropriate for your financial and family situation in Mascot and the rest of Tennessee.
Setting up an asset protection trust requires attention to timing, funding, and compliance with applicable Tennessee laws. Funding the trust properly—transferring titles, accounts, and property into trust ownership—helps ensure the trust performs as intended. Additionally, when transfers are made shortly before a claim arises, courts may scrutinize them, so planning ahead matters. Clear beneficiary designations, trustee selection, and successor trustee instructions help avoid confusion and disputes. Working through these steps methodically reduces the chance of unintended consequences and supports a smoother administration if the trust must be used.
What an Asset Protection Trust Is and Is Not
An asset protection trust is a legal vehicle that separates ownership from control, allowing a trustee to manage assets for beneficiaries under terms set by the grantor. It is not a guarantee against every potential claim, nor is it appropriate for every situation. The extent of protection depends on trust type, timing of transfers, and the specific creditors or claims involved. Properly drafted trusts can limit exposure to certain creditors and provide predictable distribution rules, but they work best as part of a comprehensive plan that addresses taxes, long-term care, and family needs rather than as a standalone shield.
Core Components and Steps of Creating an Asset Protection Trust
Creating an asset protection trust typically involves selecting the trust type, naming an appropriate trustee, drafting trust terms that reflect the grantor’s objectives, and funding the trust with the intended assets. Trustees must be instructed on management powers, distribution conditions, and recordkeeping. The process also includes coordination with estate planning documents like wills and powers of attorney to avoid conflicting instructions. Proper execution and careful documentation of transfers help demonstrate the trust was created for legitimate purposes and not to hinder known creditors, which supports its enforceability under Tennessee law.
Key Terms and Glossary for Asset Protection Trusts
Familiarity with common terms helps clients make informed decisions about asset protection trusts. Key phrases include revocable trust, irrevocable trust, trustee, grantor, beneficiary, spendthrift clause, and trust funding. Understanding these concepts clarifies how control, access, and protection interact. By defining these elements in accessible language, clients in Mascot and across Tennessee can better evaluate their options and ask informed questions during the planning process. The glossary below offers concise definitions to build a practical foundation before drafting or funding a trust.
Revocable Trust
A revocable trust allows the grantor to retain the ability to alter or revoke the trust during their lifetime. This flexibility can simplify asset management and probate avoidance, but the grantor’s retained control means assets remain accessible to creditors and do not offer the same level of protection as irrevocable arrangements. Revocable trusts are often used for incapacity planning and to streamline the transfer of property after death, while their limited protection from claims makes them less suited when creditor protection is the primary goal.
Irrevocable Trust
An irrevocable trust involves transferring assets out of the grantor’s ownership with limited ability to reclaim them, which can provide stronger protection from creditor claims and potentially offer tax planning opportunities. Because the grantor gives up direct control, drafting must be precise to ensure the trust achieves intended protections without unintended tax consequences. Irrevocable trusts are commonly used when long-term asset protection and preservation for beneficiaries are priorities, but they require careful consideration of timing and family needs before implementation.
Spendthrift Clause
A spendthrift clause is a provision within a trust that restricts a beneficiary’s ability to transfer their interest and limits creditors from reaching those distributions directly. This clause can protect beneficiaries who may be vulnerable to financial mismanagement or who face creditor claims. Spendthrift protections vary by jurisdiction and may not shield trust assets in all circumstances, but when properly drafted they add an important layer of protection by controlling how and when beneficiaries receive trust proceeds.
Trust Funding
Trust funding is the process of transferring ownership of assets into a trust so the trust can function as intended. Funding can include changing titles on real property, retitling bank accounts, assigning investment accounts, or moving business interests. Incomplete or incorrect funding is a common reason trusts fail to achieve goals, so methodical documentation and follow-through are essential. Proper funding helps ensure the trust can provide protection, avoid probate for funded assets, and make distributions according to the trust terms.
Comparing Asset Protection Options and Related Strategies
Asset protection can be pursued through various legal approaches including revocable and irrevocable trusts, insurance planning, homestead exemptions, and business entity structures. Each option carries trade-offs between control, cost, tax consequences, and the level of protection provided. For many clients, a mix of strategies—such as combining trust planning with adequate insurance and properly structured business entities—offers balanced protection. Evaluating these choices in light of personal risk tolerance, family needs, and Tennessee law helps determine the right combination for a reliable plan.
When a Limited Asset Protection Approach May Be Appropriate:
Short-Term Protection Needs
A limited asset protection approach can be suitable when a client faces foreseeable but temporary risks, such as a pending contract or short-term business exposure. In these cases, tailored measures like increased insurance, temporary transfers, or targeted irrevocable arrangements may address immediate concerns without committing to a broad restructuring of one’s estate. The key is to match the degree of planning to the level and duration of risk so the solution is proportionate and cost-effective for the client’s situation.
Low Complexity Estates
For individuals with modest asset portfolios and limited exposure to creditor claims, a simpler plan may be adequate. Basic estate planning tools such as a properly funded revocable trust, beneficiary designations, and appropriate insurance coverage can address common concerns without the complexity of extensive irrevocable structures. In such cases the focus is on clarity of succession, ease of administration, and reasonable protection that fits the client’s financial profile rather than aggressive sheltering strategies that may be unnecessary.
Why Some Clients Benefit from a Comprehensive Asset Protection Strategy:
Significant Exposure or High Net Worth
Clients with substantial assets, business liabilities, or potential long-term care costs often require a comprehensive strategy to align protection, tax planning, and succession goals. Comprehensive planning integrates trusts, insurance, business entity structures, and charitable planning where appropriate to build multiple layers of protection. This integrated approach helps manage complex trade-offs, reduce the risk of unintended tax or legal consequences, and create a sustainable plan for passing assets to future generations while addressing creditor and care-related exposures.
Complex Family or Business Situations
Families with blended relationships, family-owned businesses, or beneficiaries with special needs often benefit from detailed planning that addresses competing interests and long-term management. Comprehensive trust structures and governance provisions can reconcile business continuity, inheritance fairness, and protections for vulnerable beneficiaries. Thoughtful drafting minimizes ambiguity, reduces the chance of disputes among heirs, and provides a clear framework for trustees and successors to follow when administering the estate or business interests under Tennessee law.
Benefits of a Carefully Crafted Asset Protection Plan
A comprehensive asset protection plan creates multiple, complementary safeguards that work together to reduce exposure to creditor claims while supporting long-term family goals. By combining trusts, insurance, and entity planning, clients gain better predictability in how assets will be managed and transferred. Such a plan also addresses potential tax impacts and ensures that documents coordinate effectively so that beneficiary designations, wills, and powers of attorney do not conflict. The result is a more orderly transition of assets that aligns with the client’s priorities and minimizes future disputes.
Beyond legal protection, a comprehensive approach provides practical benefits: clearer instructions for loved ones, continuity in business succession, and easier administration during difficult times. Carefully drafted documents also reduce the risk of litigation by establishing transparent standards for distributions and trustee responsibilities. For many families in Mascot and across Tennessee, taking a holistic view of asset protection enhances peace of mind, preserves estate value over time, and helps ensure that assets are available for intended beneficiaries rather than being lost to avoidable claims.
Stronger, Coordinated Protection
Coordinating trust documents with insurance policies and business structures strengthens overall protection by reducing gaps that creditors or legal challenges could exploit. When assets are titled correctly and legal instruments are harmonized, the household’s exposure to risk is minimized. This coordination also helps trustees and family members understand the plan and carry out the grantor’s intentions consistently. The combined effect of aligned documents, funding, and governance creates a more durable plan than isolated measures implemented without broader context.
Clarity and Reduced Conflict for Families
Clear distribution rules, defined trustee powers, and documented decision-making procedures reduce the potential for conflict among heirs and executors. When beneficiaries understand the timing and conditions for distributions, and when trustees have precise guidance, administration becomes more predictable and less contentious. This clarity helps preserve family relationships and reduces the emotional and financial cost of disputes, enabling a smoother implementation of the grantor’s wishes and better stewardship of family assets across generations.
Practice Areas
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Practical Tips for Asset Protection Trust Planning
Start planning early
Early planning is one of the most effective ways to preserve options and avoid last-minute transfers that could be challenged. Starting well before any known liability or claim allows you to select the right trust structure, fund assets properly, and document intent clearly. Early planning also creates time to coordinate with insurance and tax advisors, make necessary title changes, and educate trustees and beneficiaries about the plan. A thoughtful, staged approach reduces legal risk and makes it easier to maintain a long-term strategy that supports family goals.
Fund the trust correctly
Choose trustworthy trustees and document powers
Selecting an appropriate trustee and setting out clear powers and duties reduces the likelihood of administration problems later. Trustees should understand fiduciary responsibilities, recordkeeping obligations, and distribution criteria. Consider naming successor trustees and specifying procedures for dispute resolution and decision-making to preserve continuity. Well-drafted trustee provisions can prevent confusion among family members, expedite trust administration, and ensure distributions follow the grantor’s intent while maintaining protections for beneficiaries against creditor claims.
Reasons to Consider an Asset Protection Trust in Mascot
You might consider an asset protection trust if you want to guard assets against certain future claims, provide for beneficiaries with controlled distributions, or preserve estate value for heirs. Individuals with business liabilities, professional exposure, or concerns about long-term care costs often find trusts helpful as part of a broader plan. Additionally, if you wish to avoid the uncertainty and cost of probate for certain assets, a trust can offer a more private and orderly transition. Evaluating these goals in the context of Tennessee law will help determine whether a trust is a suitable option.
Other reasons include managing assets for beneficiaries who are minors or have special needs, protecting family assets from potential disputes, and coordinating succession for family businesses. A properly structured trust can provide continuity, set clear standards for distributions, and reduce the likelihood of estate litigation. Considering an asset protection trust early, when you can still transfer assets without suspicion of fraudulent intent, maximizes the benefits and helps ensure your wishes are enforceable and aligned with family and financial objectives.
Common Situations Where Asset Protection Planning Is Helpful
Typical circumstances include small business owners facing commercial risks, professionals with potential malpractice exposure, individuals planning for long-term care costs, and families seeking to protect an inheritance from creditors or misuse. Additionally, those with blended families or complex beneficiary goals may need tailored trust terms to balance competing interests. In each case, the planning focuses on practical steps to reduce vulnerability to claims while preserving the client’s intended distribution pattern and supporting orderly management and transfer of assets under Tennessee law.
Business owners with liability exposure
Business owners often face liabilities tied to operations, contracts, or employment matters. Integrating trust planning with corporate or LLC structures and adequate insurance helps create multiple layers of protection. Trusts can hold passive assets, investment holdings, or family wealth separate from business risk while clear succession planning supports business continuity. Coordination with entity formation and governance documents reduces overlap and ensures personal and business assets are managed in a manner that reflects both protection goals and operational realities.
Anticipated healthcare or long-term care needs
Planning for potential long-term care expenses may prompt the use of trusts that preserve eligibility for public benefits while protecting assets for family members. Certain trust structures can be part of a strategy to manage care costs without eroding the entire estate. Early planning helps align funding decisions and timing to reduce the risk of disqualifying transfers or unintended tax consequences. Coordinating trusts with medical directives and powers of attorney ensures that health and financial decisions are handled consistently with the client’s overall plan.
Protecting inheritances for vulnerable beneficiaries
When beneficiaries have limited financial experience, creditor exposure, or special needs, trusts can impose distribution conditions that protect their interests while supplying necessary support. Spendthrift provisions, staggered distributions, and trustee oversight balance benefit with protection. This structured approach helps ensure assets are used in the beneficiaries’ best interests and reduces the likelihood that inherited funds are subject to claims or rapid depletion. Clear terms and trustee guidance enhance long-term preservation and responsible management of family assets.
Asset Protection Trusts Attorney Serving Mascot, TN
Jay Johnson Law Firm provides practical estate planning and asset protection services for residents of Mascot and nearby communities. We focus on clear, actionable strategies for funding trusts, defining trustee roles, and coordinating estate documents to meet client priorities. Our team helps you understand realistic outcomes and implements documents designed to withstand common challenges. If you have concerns about creditors, business risk, or preserving family wealth, we can discuss planning options, timing considerations, and next steps to protect assets and streamline administration for the future.
Why Choose Jay Johnson Law Firm for Asset Protection Planning
Clients choose Jay Johnson Law Firm for practical, client-focused guidance on estate planning and asset protection matters in Tennessee. We emphasize clear communication and thorough drafting to ensure documents reflect each client’s goals and comply with state requirements. Our process is collaborative: we listen to priorities, explain trade-offs, and build plans that align with family needs and financial realities. That careful, methodical approach helps clients feel confident about their plan and its ability to protect what matters most.
We take care to coordinate trust drafting with related legal and financial matters, including funding, beneficiary designations, and succession planning for family businesses. This integrated focus helps avoid common pitfalls such as unfunded trusts or conflicting documents. We also prioritize accessibility, answering client questions in plain language and providing practical next steps for implementation. Our goal is to make the process manageable while producing durable documents that support a client’s priorities over time.
If you are considering an asset protection trust, we offer a clear initial consultation to review your situation, identify achievable goals, and recommend a practical path forward. We explain how timing, trust type, and funding choices affect outcomes and work with you to create a plan that balances protection with flexibility. For clients in Mascot and surrounding Tennessee areas, we aim to deliver planning that preserves estate value and provides a stable framework for beneficiaries while remaining straightforward to administer.
Talk with Our Mascot Team About Asset Protection
How the Legal Process Works at Jay Johnson Law Firm
Our process begins with a detailed review of your assets, family situation, and planning objectives, followed by recommendations tailored to your needs. We draft trust documents, coordinate funding steps, and provide clear instructions for trustees and beneficiaries. Throughout the process we explain how each action affects protection, taxes, and administration in Tennessee. Our goal is to make implementation straightforward and to provide ongoing support so the plan remains effective as circumstances change over time.
Step One: Initial Consultation and Planning
The initial meeting focuses on gathering essential information about assets, liabilities, family structure, and planning goals. We identify priorities, explain available trust types, and outline likely next steps. This conversation helps set realistic expectations regarding protection levels, timing, and funding requirements. After the consultation we provide a recommended strategy and an engagement plan that outlines documents to be prepared and actions the client needs to take to achieve the intended protection and estate planning outcomes.
Information Gathering
We collect details about real estate, account ownership, business interests, insurance, and existing estate documents to form a complete picture of your situation. Accurate information ensures appropriate advice on which assets should be included in a trust and how transfers should be handled. This step often requires gathering deeds, account statements, and beneficiary designation forms to avoid surprises later in the process and to ensure the trust plan is practical and effective.
Strategy Review and Recommendations
Based on the information collected, we present planning options and recommend a course of action that aligns with your objectives. We discuss trust types, trustee selection, funding priorities, and timing considerations. This review clarifies the trade-offs involved and prepares you for the drafting and funding stages so that the final plan is consistent with your goals and the realities of Tennessee law.
Step Two: Drafting and Execution
During the drafting phase we prepare the trust agreement and any supporting documents, such as pour-over wills, powers of attorney, and healthcare directives. The documents are tailored to reflect distribution instructions, trustee powers, and protective provisions like spendthrift clauses. We review the drafts with you, make adjustments as needed, and coordinate signing and notarization to ensure proper execution and legal compliance. Clear, precise drafting increases the likelihood that your plan will function as intended when called upon.
Document Preparation
Document preparation focuses on translating your objectives into authoritative legal language while avoiding ambiguities that can lead to disputes. We draft provisions governing trustee authority, beneficiary distributions, and conditions for distributions, and include administrative directions to facilitate day-to-day management. Careful attention to detail at this stage helps ensure the trust will operate smoothly and that trustees understand their responsibilities under Tennessee law.
Signing and Formalities
Once documents are finalized, we coordinate signing, notarization, and any required witnesses to ensure formal validity. We confirm that execution meets Tennessee requirements and provide clients with final copies and guidance on storage and access. Proper execution reduces the risk of later challenges and ensures the trust is ready to be funded and administered according to the settlor’s intentions.
Step Three: Funding, Implementation, and Ongoing Management
After execution, we work with you to fund the trust by retitling assets, changing beneficiary designations where appropriate, and documenting transfers. We provide checklists and instructions for different asset types and can coordinate with title companies, banks, and financial advisors as needed. Ongoing management may include trustee guidance, periodic reviews, and updates to reflect life changes. Regular review helps keep the plan aligned with evolving financial circumstances and with changes in law.
Funding the Trust
Funding involves transferring ownership of assets into the trust to ensure they are governed by trust terms. This may include deeds for real estate, account re-titling, and beneficiary designation adjustments. Accurate documentation and timely action are essential to avoid gaps in protection. We help prioritize which assets to fund first and provide practical guidance so funding is completed efficiently and in a way that supports the trust’s intended protections.
Ongoing Review and Administration
Trust administration and periodic reviews maintain the plan’s effectiveness over time. Life events such as births, deaths, changes in marital status, or asset sales often require amendments or updates across documents. Regular check-ins help ensure trustees remain informed, beneficiaries understand distribution timing, and the trust continues to align with goals. Proactive administration reduces surprises and helps preserve the value and intent of the trust for future generations.
Frequently Asked Questions About Asset Protection Trusts
What is an asset protection trust and how does it work?
An asset protection trust is a legal arrangement where a trustee holds and manages assets for the benefit of named beneficiaries under the terms set by the grantor. Depending on the trust type, assets placed in the trust may be less accessible to certain creditors, and the trust can include provisions that control distributions and safeguard beneficiary interests. The specific protections depend on whether the trust is revocable or irrevocable, how it is funded, and the applicable state law, so careful planning is required to align the trust with your objectives. To determine if a trust is appropriate, it is important to assess the nature of potential risks, the types of assets you want to protect, and the timing of transfers. Early planning and correct funding increase the chance that the trust will perform as intended and reduce the risk of challenges based on fraudulent-transfer rules or other legal doctrines.
Can I create an asset protection trust in Tennessee?
Yes, you can create trusts under Tennessee law that serve asset protection and estate planning objectives, though the effectiveness of protection varies with trust type and funding. Tennessee recognizes trust arrangements and enforces properly drafted documents, but courts can scrutinize transfers made to defraud known creditors. Properly structured and timed trusts—particularly irrevocable trusts—can offer meaningful protection for eligible assets when established before claims arise and funded correctly. Working through the details with legal counsel helps ensure the trust is consistent with state requirements and addresses your specific circumstances. It is important to integrate trust planning with other measures like insurance and business entity structures to build a layered protective approach and to document the legitimate purposes for transfers so that the trust withstands scrutiny if challenged.
What is the difference between a revocable and an irrevocable trust?
A revocable trust allows the grantor to retain control and the ability to amend or revoke the trust during life, which offers flexibility for asset management and incapacity planning. However, because the grantor maintains control, assets in a revocable trust generally remain reachable by creditors. An irrevocable trust involves transferring ownership to the trust with limited ability to reclaim assets, which can provide stronger protection from some creditors but requires giving up direct control. Choosing between these options requires evaluating trade-offs between control, creditor protection, tax consequences, and family needs so the trust structure matches your long-term goals.
Will an asset protection trust stop all creditors from making claims?
An asset protection trust does not guarantee immunity from all creditor claims. Protections depend on the trust type, timing of transfers, and whether transfers were made to hinder existing creditors. Courts can set aside transfers deemed fraudulent, particularly if they occur after a creditor claim is foreseeable. Proper planning—creating and funding trusts well before claims arise, using suitable trust provisions, and documenting legitimate reasons for transfers—reduces the risk of successful challenges. Combining a trust with adequate insurance and other protective measures usually offers a more robust approach than relying on a trust alone.
How do I fund an asset protection trust?
Funding a trust means transferring ownership of assets into the trust so the trust controls them according to its terms. This process can include retitling real estate, changing ownership of bank and investment accounts, assigning business interests where appropriate, and ensuring retirement accounts have correct beneficiary designations. Some assets cannot be transferred directly into a trust and require alternative planning steps. Accurate recordkeeping and coordination with financial institutions are important to ensure funding is complete and to preserve the trust’s intended protections, avoiding the common pitfall of leaving key assets outside the trust.
Can I change or dissolve a trust after it is created?
Whether a trust can be changed or dissolved depends on the trust type and the terms governing amendments. Revocable trusts are typically amendable or revocable by the grantor during life, offering flexibility to adapt to changing circumstances. Irrevocable trusts generally limit the grantor’s ability to modify terms, though certain mechanisms can allow limited changes or decanting under specific conditions. Any modifications should be approached carefully to avoid unintended tax or creditor consequences, and legal counsel can advise on available options and the best path to update planning while maintaining protections.
What role does a trustee play in an asset protection trust?
A trustee manages trust assets, makes distributions to beneficiaries according to the trust terms, and acts in the beneficiaries’ best interests while following fiduciary duties. Trustee responsibilities include recordkeeping, investment decisions within the trust’s guidelines, tax filings, and communicating with beneficiaries. Selecting a trustee who understands fiduciary duties and how to administer the trust under Tennessee law is important for effective implementation. Clear written powers and instructions reduce ambiguity and help trustees carry out the grantor’s intent consistently and responsibly over time.
How does an asset protection trust affect taxes?
Trusts can have tax implications depending on their structure and the types of assets held. Some irrevocable trusts may offer estate or gift tax planning benefits, while revocable trusts typically do not change income or estate tax treatment during the grantor’s life. Proper planning considers the interaction of trust rules with federal and state tax laws to minimize unintended liabilities and to take advantage of available planning opportunities when appropriate. Consulting with a tax advisor alongside legal counsel ensures that trust arrangements are aligned with tax objectives and that reporting requirements are met accurately.
Are there timing concerns when creating an asset protection trust?
Timing is a key consideration when creating an asset protection trust. Transfers made after a claim is likely or pending can be challenged as fraudulent, so planning well in advance of foreseeable liabilities increases the likelihood that a court will respect the arrangement. Early action also gives time to properly fund the trust and coordinate with other planning measures. If immediate protection is required, certain strategies may still be available, but they often involve trade-offs and higher scrutiny. Getting timely advice helps choose the most appropriate route given your circumstances.
How do I get started with asset protection planning in Mascot?
To begin asset protection planning in Mascot, start with an initial consultation to review your assets, liabilities, family situation, and planning goals. Bring documentation including deeds, account statements, business ownership records, and existing estate documents to help guide the discussion. From there, you will receive recommendations on trust types and a clear plan for drafting and funding documents. Jay Johnson Law Firm can assist through each step—from drafting and execution to funding and ongoing reviews—helping ensure your plan is practical, properly documented, and aligned with Tennessee law.