Parham Estate Law Blog

What is a grantor retained annuity trust?

In Tennessee, trusts can be established to achieve many different goals. One type of trust that can benefit families is a grantor retained annuity trust. This can allow the grantor to pass substantial assets to the intended beneficiaries without having to pay gift...

How do community property trusts work?

In the state of Tennessee, married couples can take advantage of a unique asset called a community property trust. Since Tennessee is not a community property state, marital assets aren't automatically considered community property. However, a community property trust...

Your estate plan is not as hard as you think

If you are like most people in Tennessee, the topic of estate planning is one that you are trying to avoid. Whether you do not like discussing your own mortality or are simply afraid of the process, you have been pushing off discussion of this area. However, you...

The benefits of a living trust

Tennessee residents with any form of assets may want to explore the benefits of creating a trust fund. Trust funds can be similar to wills in that they include instructions for how a person’s assets are to be distributed after their death, but trust funds are more...