How Trump’s Tax Proposal Affects You
Trump’s new tax proposal makes some changes that could affect your estate planning. Both the estate and generation-skipping taxes get the boot. What about stepped up basis under I.R.C. § 1014? R.C. § 1014 provides that, for most property, a decedent’s beneficiaries receive a step up in basis to fair market value at the decedent’s date of death. Thus far, the proposed changes don’t affect...
read moreBeware the Anti-Lapse Statute
For generations, law students and practitioners alike have scratched their heads over “lapsed legacies” in will cases. A recent Tennessee Court of Appeals case serves as a refresher on the subject. Estate planners, take note… At common law, when a person who would take under a will predeceases the testator, the legacy lapsed. The “anti-lapse” statute, Tenn. Code...
read moreJillian Mastroianni Speaks at Murfeesboro Estate Planning Council
Jillian Mastroianni was the featured speaker at the August 16 meeting of the Murfreesboro Estate Planning Council. Jillian led a discussion on updates in the law of probate and estate planning and offered tips and best practices. The Council consists of Murfreesboro-area attorneys, trust advisors, and other professionals who focus on estate planning matters. Mastroianni focuses her practice on...
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