by Joel Roettger | Aug 30, 2017 | Probate
Tennessee has a statute for it: A sum not exceeding ten thousand dollars ($10,000) is authorized to be paid directly to the surviving spouse of a decedent, but if none, then to the surviving children of the decedent as tenants in common, as follows: (A) By an...
by Joel Roettger | Aug 24, 2017 | Probate, Tax
A recent case from the Southern District of Indiana might make you think twice. Decedent died in Indiana. The claims against the estate totaled $1,812,621.69. The distributable assets of the estate were only $266,872.70. Thus, the estate was insolvent. A significant...
by Catherine French | Aug 23, 2017 | Accolades, Firm News
The July/August 2017 edition of Cityview Magazine is out. It includes a list of Knoxville’s “Top Attorneys” in various categories as voted on by their peers. Gentry, Tipton & McLemore, PC is well-represented on the list: Brian D. Blind:...
by Joel Roettger | Aug 23, 2017 | Estate Planning
The 7520 rate for September 2017 will stay at 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 | Aug 17, 2017 | Probate
Fee agreements with third parties for the recovery of property held by the Tennessee Division of Unclaimed Property are not uncommon. Such arrangements are now governed by statute: An agreement by an apparent owner and a person, the primary purpose of which is to...