Tennessee Trusts Lawyer In Blount County
Last updated on October 9, 2025
Creating a trust can be an effective way to protect assets, manage an estate and facilitate a smooth transfer of property to loved ones. However, since every situation is different, setting up the right type of trust requires planning and a clear understanding of Tennessee’s legal requirements.
At Shepherd & Long, we serve clients in Alcoa, Maryville and Blount County with integrity and personalized care. Since 1993, we have earned the trust of our clients in handling various legal issues, including serious injury claims, and family law matters involving divorce, child custody and adoption, as well as estate planning and criminal defense.
What Should You Know About Trusts?
A trust is a legal arrangement where one party, the trustee, holds and manages assets for another, the beneficiary. Trusts come in several forms, such as:
- Revocable trusts: Can be changed or canceled during the grantor’s lifetime.
- Irrevocable trusts: Cannot be altered once created, but can offer tax and asset protection benefits.
- Living trusts: Established during the grantor’s lifetime to manage assets before and after death.
Trusts offer benefits such as protecting family assets, planning for future generations and avoiding the delays and costs associated with probate court.
How Do Trusts Work In Tennessee?
In cities and communities across Tennessee, trust creation follows state-specific laws. To establish a valid trust:
- The grantor must have legal capacity
- Clearly name the trustee and beneficiaries
- Specify how the assets should be managed or distributed
Tennessee also recognizes domestic asset protection trusts, which can shield assets from certain creditors if properly structured. Working with a local attorney can help ensure your trust meets all Tennessee legal requirements.
What Does A Trustee Do, And How Can You Choose The Right Trust?
A trustee manages the trust’s assets according to the grantor’s instructions. Their responsibilities include:
- Managing investments and financial records.
- Distributing assets to beneficiaries as directed.
- Helping ensure compliance with tax and reporting obligations.
Selecting the right trust depends on your goals, including whether you want to maintain control of your assets, reduce taxes or plan for special needs beneficiaries.
A skilled lawyer can help evaluate your financial situation and family structure to recommend a trust that fits your objectives.
Ready To Secure Your Future In Maryville?
If you live in Blount County, Tennessee, and are considering setting up a trust, Shepherd & Long is ready to help. Call 865-383-3118 or fill out the online contact form to schedule a consultation.