The estate planning process involves highly personal and sensitive decisions related to legacy, assets, family, and heirs. For many individuals and families, keeping those matters private is an important part of the planning process. Certain planning strategies,...
Tennessee has a long history of being at the forefront of trust administration. In keeping with that tradition, the Tennessee legislature has passed updates to its trust code that aim to keep Tennessee among the best jurisdictions in the country for trust and estate...
Unpacking the Benefits of Tennessee’s 2024 Trust Code Revisions Tennessee has long been recognized as a leader in trust law, offering a progressive and flexible framework for trust administration that benefits grantors, trustees, and beneficiaries alike. The state...
On May 12, 2021, the Governor of Tennessee signed into law HB1186/SB0896—a bill containing several revisions to Tennessee’s Trust Code. Tennessee continues to distinguish itself as a desirable state for trust administration, and this recently enacted legislation seeks...
We’ve previously covered many of the tax laws that Tennessee has enacted to make the state a leader in the trust world. The Tennessee Community Property Act of 2010 is one such measure, which can benefit families nationwide. Tennessee is one of only five states that...
