Contact Us

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  • Memphis Office

    Address

    1715 Aaron Brenner Drive,
    Suite 450,
    Memphis, Tennessee 38120

    Phone

    901-755-0199

  • Jackson Office

    Address

    162 Murray Guard Drive,
    Suite A,
    Jackson, Tennessee 38305

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Parham Estate Law locations:

Reviews and Ratings

Showing 4-star reviews and above
  • google
    5.0/5.0

    Mr. Parham and his staff were extremely professional in helping set up my Estate and Will. Everyone in his office was very helpful and answered all of my questions pertaining to the process. I highly recommend this firm for Probate and Es...
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    — Chris PRITCHARD

  • google
    5.0/5.0

    My wife and I recently engaged Mike Parham to consult with us on estate planning, prepare a Revocable Trust and prepare related documents. He was outstanding with advice and timely preparation of documents. I highly recommend him and his ...
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    — John George

  • google
    5.0/5.0

    — John Frye

  • google
    5.0/5.0

    Takes care of the details of our Estate Plan and always friendly and detailed.

    — Debbie Newport

  • google
    5.0/5.0

    Absolutely a great experience working with Parham Estate Law on our estate planning. Mike explained everything thoroughly and completely and we were extremely pleased with all of our completed estate planning documents.

    — Anna D.

Preserving Your Assets With The Help Of Irrevocable Trusts

The creation of an irrevocable trust can help protect your family from estate taxes and preserve your assets so that they will be distributed as you see fit. This is accomplished by removing assets from your estate and placing them into the trust.

For your convenience, I have offices in Memphis and Jackson, Tennessee. I understand the complexities of Tennessee estate law and can help guide you through the trust creation process. To learn more about the benefits of establishing an irrevocable trust, call 901-602-3361 to schedule an initial consultation.

What Does An Irrevocable Trust Look Like?

Unlike a revocable trust, an irrevocable trust is permanent and cannot be changed. In effect, you will be locking up certain assets that will no longer be in your name. However, you will have control over how the funds in the trust are to be distributed in the future.

Some of the benefits of this type of trust are that interest and investment earnings help increase the value of the trust, rather than your personal assets. An irrevocable trust also serves to place assets out of the reach of creditors and legal judgments. This can help ensure that your wishes will be carried out as you see fit, and enable you to provide support to your loved ones and organizations that are important to you.

Contact A Lawyer For Help With Your Estate Planning Needs

Irrevocable trusts can be complicated, especially when it comes to tax issues. It is essential that these trusts are prepared and drafted carefully with the help of skilled legal counsel. To speak with me about your estate planning options, please call 901-602-3361 or contact me online to schedule an initial consultation.