Trust Attorney Knoxville TN 

If you are searching for a trust attorney in Knoxville, TN, Matt Ooten of The Ooten Law Firm helps clients create trust-based estate plans designed to protect assets, avoid probate, and provide long-term financial security for their families.

 Call 865-259-0999 today. 

Trusts are one of the most powerful tools available in estate planning. Unlike a will, a trust allows your assets to be managed and distributed according to your instructions without court involvement in many cases. 

What Is a Trust? 

A trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The person who creates the trust is known as the grantor.

Trusts can take effect during your lifetime and continue after your death, providing flexibility and control that a will alone cannot offer. 

Types of Trusts in Tennessee 

Revocable Living Trust 

The most common type of trust used in Knoxville estate planning. 

• Can be modified during your lifetime 

• Helps avoid probate 

• Allows you to retain control 

Irrevocable Trust 

Generally cannot be changed once created. 

• Used for asset protection 

• May provide tax benefits 

Special Needs Trust 

Designed to support a disabled beneficiary while preserving eligibility for government benefits. 

How Trusts Avoid Probate 

Assets placed into a trust are not considered part of your probate estate. Instead, they are distributed by the trustee according to the terms of the trust. 

 Learn more here: 
 

What Does It Mean to Fund a Trust? 

Creating a trust is only the first step. You must also fund the trust, which means transferring ownership of assets into it. 

This may include: 

• Real estate 

• Bank accounts 

• Investment accounts 

If a trust is not funded properly, it may not achieve its intended purpose. 

Who Should Consider a Trust? 

Trusts are often beneficial for individuals who: 

• Own real estate in Knoxville or surrounding counties 

• Want to avoid probate 

• Desire privacy in estate distribution 

• Have minor children or complex family situations 

Common Trust Mistakes 

• Failing to fund the trust 

• Choosing the wrong trustee 

• Not updating the trust over time 

FAQs About Trusts 

Are trusts only for wealthy individuals?
No. Many middle-income families benefit from trusts. 

Do trusts replace wills?
No. Most trust-based plans still include a will. 

Contact a Knoxville Trust Attorney 

865-259-0999