Contact Us

Please fill out the form below and one of our attorney will contact you.

!
!
!
  • 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

Choose a location to review

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...
    Show More

    — 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 ...
    Show More

    — 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.

Avoiding Probate

 Reasons why you might choose a living trust to hold and distribute your assets

You might be familiar with the probate process, as well as methods to avoid the often difficult process of settling a decedent’s estate. This is a primary reason why people choose living trusts, which can hold your assets during your lifetime and then transfer them directly to beneficiaries when you die. As with any estate planning matter you should have a sound understanding of probate before deciding how to proceed. There are several reasons why you might opt to minimize or bypass probate, such as:

  • Probate can be expensive — Guiding an estate through probate can be costly, involving the services of a lawyer, court fees and personal representative expenses. Larger estates can generate greater costs and demand more time from lawyers or other professionals.

  • Probate is often time-consuming — If the estate is complex, with many diverse assets, business assets or property in states other than Tennessee, probate can drag on for months, and sometimes years. There might be ancillary proceedings in other states. You will need to file tax returns for the deceased and the estate, and you may need to pay ongoing expenses like property tax and insurance.

  • Probate is not private — Another drawback to probate is that the process produces a public record in the court filings. If you have a business or another financial matter that you would rather choose to keep private, using some other method to transfer assets, such as a trust can protect you and your family's privacy. 

No single estate planning option is ideal for everyone. I can help you determine exactly the right options to choose, and advise you of the advantages and disadvantages of estate planning strategies that are available. You want a plan that is right for you, and I work to ensure that is the estate plan you receive.