Do You Need a Trust or Is a Will Enough in Tennessee?

Episode Summary: In this episode of The Parham Estate Law Podcast, host Michael Parham, a seasoned Tennessee estate planning attorney, joins Evan Mack to explore the intricacies of estate planning. They discuss the critical decision of whether to opt for a trust or a will, examining factors such as real estate ownership across states, age, and financial considerations. Michael explains how living trusts can simplify asset administration and avoid probate, especially for those with properties in multiple states. The episode also delves into the probate process, highlighting potential family conflicts and the benefits of a revocable trust. Michael provides practical examples, including a case where a trust facilitated complex asset distribution for a client. Listeners will gain valuable insights into making informed estate planning choices that align with their personal circumstances and future goals. Key Timestamps: 00:01 – Introduction 00:22 – Trust vs. Will: Key Considerations 00:39 – Importance of Real Estate in Multiple States 01:02 – Age and Trust Benefits 01:32 – Young Families and Estate Planning 03:00 – Will Execution in Tennessee 04:02 – Revocable Trust Advantages 05:02 – Misconceptions About Trusts 05:46 – Probate and Family Conflict 07:02 – Situations Where a Will Suffices 08:21 – Trusts Providing Flexibility 09:31 – Case Study: Trust Beneficiary Designations About the Show: The Parham Estate Law Podcast is a must-listen for individuals, families, and business owners seeking clarity on estate planning. Hosted by Michael Parham, a knowledgeable Tennessee estate planning attorney, the show offers expert insights into protecting assets and planning for the future. Each episode breaks down complex legal concepts into accessible discussions, empowering listeners to make informed decisions. Whether you're navigating wills, trusts, or probate, this podcast provides practical advice to help you avoid unnecessary complications and ensure your estate planning aligns with your goals.

Episode metadata supplied by the publisher feed · Published Jul 16, 2026

Embed this episode

Attribution link and audio player

What this episode covers

In this episode of The Parham Estate Law Podcast, host Michael Parham, a seasoned Tennessee estate planning attorney, joins Evan Mack to explore the intricacies of estate planning. They discuss the critical decision of whether to opt for a trust or a will, examining factors such as real estate ownership across states, age, and financial considerations. Michael explains how living trusts can simplify asset administration and avoid probate, especially for those with properties in multiple states. The episode also delves into the probate process, highlighting potential family conflicts and the benefits of a revocable trust. Michael provides practical examples, including a case where a trust facilitated complex asset distribution for a client. Listeners will gain valuable insights into making informed estate planning choices that align with their personal circumstances and future goals.