by Joel Roettger | May 4, 2017 | Estate Planning, Probate, Trusts
Today Governor Haslam signed SB0769, a bill that revises various provisions of the Tennessee Code relating to wills, trusts, and probate. The substantive provisions of the bill take effect July 1. Analysis of the bill may be found at the following links: 2017 Probate...
by Joel Roettger | Apr 28, 2017 | Estate Planning, Trusts
There are income tax consequences to transferring annuities for less than full and adequate consideration. If you are considering making a gift of annuities in trust, keep the following in mind: If an individual who holds an annuity contract transfers it without full...
by Joel Roettger | Apr 27, 2017 | Estate Planning, Trusts
An unassuming provision in the probate omnibus bill may prove to be a trap for some unwary practitioners. SB 0769, the 2017 Probate Omnibus Bill, has been transmitted to the Governor for his signature. One of the more perplexing provisions of the incipient law is...
by Joel Roettger | Apr 26, 2017 | Estate Planning, Probate, Trusts
The 2017 probate omnibus bill is notable not just for what it contains, but also for what it does not contain. The original version of the bill was HB 0567. It contained several sections that addressed the effect of divorce or annulment on an estate plan. Under...
by Joel Roettger | Mar 26, 2017 | Estate Planning, Probate
At first glance, the answer might appear to be yes: Any person who is not a resident of this state or any corporation that is authorized to exercise fiduciary powers, but is not authorized to do business in this state and does not actually maintain an office in this...
