The SafeEstates Blog

Substantive Tip: Review of Estate Plans Prepared in Other States

Watching the caravan of refugees on the nightly news, I am reminded of our freedom to move from state to state within our nation. Nashville continues to attract new residents from other states. We are often asked: “Do I need to replace my estate plan prepared when I lived in another state?” My answer: “Please bring it to me and I will review it with you. Everyone should review their estate plan every five years. If your circumstances have changed and your documents are more than 5 years old, you probably will decide to update your estate plan.”

Although wills, trusts, powers of attorney and health care directives validly prepared in another state usually are valid in Tennessee, there are exceptions. Also, changes in death tax exemptions, the Tennessee trust code, and health care decision making (to name a few) over the past 10 years make it extra important for new Tennessee residents to have their estate plan reviewed.