Find Lawyers in Memphis, Tennessee for Trusts and Estates
Mr. Carney's practice is grounded in federal, state, and local tax codes and regulations. He works directly with clients in employee benefits, tax planning, and estate planning. He understands the need to navigate these complex laws while providing options for each unique situation. His practice areas include but are not limited to the following: Employee and welfare benefit plans of private, tax-exempt, and governmental employers Other post-employment benefit trusts Executive compensation Co...
Mr. Murrah's practice is concentrated primarily in estate planning, probate, federal transfer taxation, estate and trust administration, and federal income taxation. He advises clients on all elements of wealth transmittal and preservation, including preparation of wills and trusts, closely held business succession issues, asset protection strategies, and techniques for the minimization of transfer taxes. His experience also includes representation of trustees and trust beneficiaries. Mr. Mur...
George J. Nassar, Jr., concentrates his practice in the areas of estate planning, probate, tax planning and business transactions. He currently serves as Chair of the firm's Business, Tax and Estate Planning Practice Group. Mr. Nassar has over 30 years of experience in the practice of law. His areas of expertise include estate planning and formulation of sophisticated tax planning and wealth transfer techniques for clients with significant domestic and international holdings. He counsels clie...
Bill Nichol concentrates his practice in the areas of estate planning, the drafting of wills and trusts, and probate and estate administration. He also has been involved in succession planning for closely held and family-owned businesses as well as general corporate transactions. From 2007 to 2010, he served on the board of trustees of his alma mater, the University of the South. Mr. Nichol was recently selected by his peers for inclusion in The Best Lawyers in America 2019 in the field of Tr...
Lytle Nichol has extensive experience advising clients in federal taxation, probate matters, and general corporate law. He provides tax planning advice to both individuals and large corporations. A graduate of the University of Virginia, Mr. Nichol has been in practice since 1964. In that time, Mr. Nichol has been widely involved in: Structuring new businesses The sale of businesses to publicly traded corporations Business mergers Tax free exchanges Corporate sales and acquisitions. He also w...
Mr. Wohlfarth concentrates his practice on estate planning and the drafting of wills and trusts, specifically addressing issues related to federal and state estate, gift, and generation-skipping taxes as well as asset protection. He has had extensive experience with various estate planning tools, such as wills and revocable trusts which utilize the federal estate tax exemption amount, irrevocable life insurance trusts (ILITs), "Crummey" trusts, qualified personal residence trusts (QPRTs), Ten...
Trusts and Estates Definition
How Can a Trusts and Estates Attorney Help You?
Trust and estate attorneys help clients plan for the efficient and effective transfer of assets to spouses, to younger generation family members, to other persons clients wish to benefit, and to charities. The practice involves the preparation of trust agreements, wills, powers of attorney, medical directives, and closely held business structures, including partnerships, limited liability companies, and corporations.
What are the Trusts and Estates Practices Focal Points?
When attorneys begin the planning process, they consider your objectives, your family relationships, charitable inclinations, and the relationship of federal and state estate tax, gift tax, and generation skipping transfer tax laws to these objectives. Attorneys then work with you and, in some cases, with other advisers to design the appropriate plan to meet your goals and objectives, prepare the necessary documents to carry out the desired plan, and assist with the implementation of your plan. In connection with family wealth planning, attorneys plan and draft trust agreements and wills, create various business entities, and carry out business reorganizations.
Trust and estate attorneys also handle the administration of estates. Attorneys confer with members of a decedent’s family on the various issues, including:
• Assistance to the executor with the preparation of the required probate documents and assist in valuation of estate assets
• Making insurance claims
• Preparation of final income tax returns and the estate’s income and federal and state estate tax returns
• Monitoring of the investment of the estate’s assets
• Arranging for the distribution of the estate’s net assets
• Throughout the administration of an estate, consideration is given to income tax savings through the timing of distributions and the timing and claiming of appropriate deductions.
In the trust administration area, attorneys advise and consult with corporate and individual trustees concerning the discharge of the trust’s terms and consult with beneficiaries concerning trust administration matters including the preparation of trust accounts.
Trust and Estate attorneys also assist clients in all phases of probate and trust litigation. This may involve construing or reforming the terms of a will or trust, prosecuting or defending a will contest action or surcharge actions against trustees.
What is a Trusts and Estates attorneys goal for its clients?
The goal of an trust and estate attorney is to assist clients to achieve their personal goals while obtaining the significant tax savings which may be available to them through proper planning. Attorneys in the practice spend a significant amount of time dealing with the federal estate, gift, and generation skipping tax issues involved in transfer planning.
Recognition by Best Lawyers is based entirely on peer review. Our methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.
Best Lawyers employs a sophisticated, conscientious, rational, and transparent survey process designed to elicit meaningful and substantive evaluations of the quality of legal services. Our belief has always been that the quality of a peer review survey is directly related to the quality of the voters.
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