Diligent Memphis Attorney Helps Clients Create Wills and Trusts
Experienced Tennessee lawyer handles complex estate planning issues
Protecting your assets and taking care of your family are critical responsibilities. At Parham Estate Law in Memphis, I advise clients throughout Shelby County on estate planning matters. I know how to ensure your wishes will be followed and have decades of experience establishing comprehensive and effective estate plans. Whether you are concerned about estate taxes, want to come up with asset protection strategies or need guidance regarding a guardianship, I will review your circumstances and determine how best to meet your goals.
Knowledgeable counselor addresses estate tax concerns
Estate tax liability may be a concern of yours when creating an estate plan. Fortunately, Tennessee eliminated their inheritance tax in 2016, but other states and the federal government still impose estate taxes that may be applicable to your situation, depending on the value of your estate and other factors. While most will be exempt from federal estate taxes, if you own property in other states, your estate could still be subject to them. I am well versed on estate tax issues and have multiple strategies to minimize or eliminate tax liability altogether.
Dedicated legal counselor drafts enforceable, personalized wills
A will is an essential part of any estate plan. Without a valid will, your property may not be distributed according to your wishes, potentially leaving key family members left out. You want a will that can do more than just withstand court scrutiny, which is why it’s crucial to work with an attorney when creating one. I know how to draft valid and effective wills and will put together everything you need to control how your assets are distributed upon your death.
Resourceful law firm establishes living trusts and other trust options
Trusts are a highly useful tool in estate planning, and one of most common is the living trust. Living trusts are revocable during your lifetime and allow you to efficiently manage your assets and avoid probate once you are gone, saving your loved ones both time and money. Other types of revocable and irrevocable trusts, including special needs trusts, are also used to achieve a variety of estate planning purposes. I will fully explain your options and help you choose the right trust for you.
Proven attorney assists with guardianship cases
Guardians are legally responsible for minors when their parents are deceased or unable or unwilling to assume their responsibilities. Tennessee prioritizes appointments based on how closely an adult is related to the child. This means multiple people may have an interest in the appointment, so having an experienced attorney is important when it comes to drafting clear language regarding your guardianship preferences. I understand the stakes in these matters and will help you prepare a suitable document.
Dedicated lawyer develops effective asset protection strategies
Protecting the wealth you have built over a lifetime is my primary goal. Business owners, in particular, need individualized estate plans, which include provisions for who to pass control of your business to when you pass. I have years of experience helping business owners implement successful asset protection strategies and will develop a comprehensive plan tailored to your needs.
Contact a committed Tennessee law firm to schedule a consultation
At Parham Estate Law, I represent clients throughout Shelby County in estate planning matters. Please call 901-602-3361 or contact me online to schedule a consultation at my Memphis office.