Business Law
Your first thought when reading that headline might have been, “Why do I want to avoid Franchise and Excise Taxes?” For more information on these sometimes very expensive taxes, read our article HERE. Anyone who owns an LLC in Tennessee is liable for...
Estate Planning
Many people rightly worry about what happens if they have to go into a nursing home and they don’t have long-term care insurance. They’ve heard stories about people who had to spend down their entire nest egg before they could qualify for any government...
Estate Planning
Federal Estate Tax is owed on a person’s gross estate over and above the exempted amount. I remember back in the day, in the early 2000s, when that limit was only $675.000. Over the years it has gone up, and then in 2010 or so, it jumped up quite a bit and then...
Estate Planning
This article applies to Florida and Tennessee law, but note that ANYONE in ANY STATE can create and fund (put assets into) a Tennessee or Florida Community Property Trust (including real property, brokerage accounts, etc.), even when that property is located in...
Estate Planning
This is a question estate planning attorneys hear almost every day. The answer to this question is pretty typical of lawyers: “It depends.” What’s the Difference Between a Will and a Trust? Both are legal documents that let people know how you want...
