test

865-525-5300

Gentry, Tipton & McLemore, P.C.
  • Home
  • About
  • Attorneys
  • Practice Areas
    • Asset Protection
    • Banking
    • Bankruptcy
    • Business Law
    • Commercial Real Estate
    • Construction
    • Corporate Finance
    • Creditors’ Rights
    • Employment Law
    • Estate Planning
    • Government
    • Litigation
    • Mergers and Acquisitions
    • Personal Injury
    • Probate
    • Tax Law
    • Trust Law
  • Blog
  • Contact
Select Page

UPDATED: House Ways and Means Committee Proposes Tax Increases for Estates and Trusts

by Joel Roettger | Sep 14, 2021 | Estate Planning, Tax, Trusts

UPDATE 2 (11/4/2021) The House Committee on Rules published a new version of the reconciliation bill, H.R. 5376. The latest draft is 2,135 pages. As with the October 28 draft, provisions related to the estate, gift, and generation-skipping transfer taxes are...

SECURE Act and Estate Planning

by Joel Roettger | Dec 26, 2019 | Estate Planning, Retirement Assets, Tax, Trusts

Estate planning for retirement assets just got more interesting. The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 was signed into law on December 20. It was passed as part of H.R. 1865, Further Consolidated Appropriations Act, 2020. The...

New Alternative to Guardianship in Tennessee

by Joel Roettger | Sep 25, 2019 | Estate Planning, Trusts

Section 5 of the most recent Probate Omnibus Bill, Public Chapter No. 340, adds a new section to Tennessee Code § 31-1-104. Section (d) provides: In a proceeding to determine letters of guardianship or conservatorship, the court shall be vested with the authority to...

When Your Executor/Trustee is Sentenced to Prison

by Joel Roettger | Feb 13, 2019 | Probate, Trusts

What happens? Tennessee has a statute for that: The effect of a sentence of imprisonment in the penitentiary is to put an end to the right of the inmate to execute the office of executor, administrator or guardian, fiduciary or conservator, and operates as a removal...

Anti-Lapse and Trust Termination

by Joel Roettger | Jan 26, 2019 | Estate Planning, Probate, Trusts, Uncategorized

Does Tennessee’s anti-lapse statute apply when the remainder beneficiary of a trust dies before the trust terminates? No. Tennessee’s anti-lapse statute is a savings clause for bequests. It states: Whenever the devisee or legatee or any member of a class...

Are Capital Gains Subject to the 65-Day Rule?

by Joel Roettger | Nov 13, 2018 | Estate Planning, Probate, Tax, Trusts

No, but you would not know that from reading the statute.  The 65-day rule is a taxpayer-friendly provision involving the income taxation of trusts and estates. It allows the trustee of a trust or executor of an estate to treat certain distributions made in one tax...
« Older Entries

Recent Posts

  • 2023 Estate and Gift Tax Exemptions
  • UPDATED: House Ways and Means Committee Proposes Tax Increases for Estates and Trusts
  • 2021 Brings an Increased Estate Tax Exemption
  • Governor Extends Order Allowing Remote Signing
  • Remote Execution of Legal Documents

Subscribe to our Blog

Enter your email address to subscribe and receive notifications of new posts by email.

Archives

  • April 2023
  • September 2021
  • January 2021
  • May 2020
  • April 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019
  • May 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • August 2018
  • July 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • November 2016
  • October 2016
  • September 2013
  • June 2013
  • November 2012

Categories

  • Accolades
  • Asset Protection
  • Charitable
  • Charitable Organizations
  • Estate Planning
  • Firm News
  • Pigeon Forge
  • Probate
  • Retirement Assets
  • Tax
  • Trusts
  • Uncategorized
  • Home
  • About
  • Attorneys
  • Practice Areas
  • Blog
  • Contact

Knoxville Office
900 S. Gay St.
Knoxville, TN 37902
Fax: (865) 637-6761

lawyers@tennlaw.com

865-525-5300

Sevier County Office
2540 Sand Pike Blvd., Suite 2
Pigeon Forge, TN 37863
Fax: (865) 774-1751

All content Copyright © 2025, Gentry, Tipton & McLemore, P.C. Website design by Slamdot.