by Joel Roettger | Jul 25, 2017 | Probate
Tennessee has adopted the Revised Uniform Unclaimed Property Act (RUUPA). It became effective on July 1, and is codified at T.C.A. § 66-29-101, et seq. It replaces the Uniform Disposition of Unclaimed (Personal) Property Act. RUUPA was crafted last year by the...
by Joel Roettger | Jul 24, 2017 | Estate Planning
The 7520 rate for August 2017 will go back to 2.4%. A table showing historical 7520 rates since 2008 is here. The effectiveness of various estate planning and charitable planning techniques is measured in terms of the 7520 rate. These techniques include Grantor...
by Joel Roettger | Jul 19, 2017 | Probate
While much attention has been given to the 2017 Probate Omnibus Bill (SB0769, now codified as Public Chapter 290), a little-known bill that also became effective on July 1 makes several important probate changes that should not be overlooked. SB1163, which has been...
by Joel Roettger | Jul 13, 2017 | Probate
It’s a crime under Tennessee law: Any person who destroys or conceals the last will and testament of a testator, or any codicil thereto, with intent to prevent the probate thereof or defraud any devisee or legatee, commits a Class E felony. A Class E felony is...
by Joel Roettger | Jul 12, 2017 | Estate Planning, Probate, Tax
Executors who discovered too late that they should have made a portability election have gotten a reprieve. Portability refers to the ability of a surviving spouse to inherit the unused federal estate tax exemption of the predeceasing spouse. In order to receive the...
