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The IRS Has Issued Regulations Limiting or Eliminating the Use of Valuation Discounts. One of the key benefits of Family Entities over the last several years has been the opportunity for significant valuation discounts for estate and gift tax purposes for clients with taxable estates. Last year, we advised...
Read More Continue ReadingWell, it happened AGAIN. There was an apartment shooting at Wingood Manor Apartments this past weekend. According to news reports, yet another apartment shooting occurred in Memphis over the weekend that left 2 young fathers dead: Irving Guy and Joshua Irby. Of course, not all crime can be prevented, and not...
Read More Continue ReadingVictory for Patterson Bray! Patterson Bray is happy to announce a victory in a business litigation case. Our strategy? A Rule 12 Motion to Dismiss. Our client, a former officer and employee of a factoring corporation, was wrongfully sued in his individual capacity by a former customer of his employer. Our...
Read More Continue ReadingTop 8 Things to Know About Tennessee Residential Property Disclosure Law If you are thinking of buying or selling a home, you may have questions about the basics on Tennessee property disclosure law. The Tennessee Residential Property Disclosure Act, Tenn. Code Ann. 66-5-201, et. seq., requires the Seller of a...
Read More Continue ReadingCan an Electronic Signature Form a Contract in Tennessee? Did you know that in most cases courts will recognize an electronic signature, and enforce contracts “signed” and created by e-mail exchange? Oral vs. Written Contracts – Intro Contrary to popular belief, a contract doesn’t always have to be in writing...
Read More Continue ReadingUPDATED on 08/08/2016: Police have now identified the victim as Monique Brown, who is the mother of a young child. >>>>>>>>>>>>>>>>> A deadly shooting at Madison Cypress Lakes apartment complex in Memphis, Tennessee. According to news reports, a young woman was shot and killed in a shooting at the Madison...
Read More Continue ReadingDon’t Always Expect the Insurance Company to be on Your Side After a car accident, you may feel it necessary to contact your auto insurance company or carrier and let them know what has happened immediately. While informing your carrier of an accident is an important step in getting...
Read More Continue ReadingAttractive Nuisance Doctrine In most states, there are special rules addressing injuries to trespassing children. In Tennessee, for example, there is the “attractive nuisance doctrine,” recently codified in Tenn. Code. Ann. 29-34-208. In summary, that doctrine holds that a land owner or possessor is liable for injuries to children who...
Read More Continue ReadingDigital Assets: Who can access my online accounts if I die? Chances are, if you are reading this Blog Post, you own Digital Assets and have one or more online accounts. As Estate Planning Lawyers, we continue to see changes in the law to address our increasingly tech-savvy culture. The...
Read More Continue ReadingJoint Property Ownership Pitfalls and Solutions Our law firm has worked on a couple of cases lately involving joint property ownership; that is, property owned by a group of several individuals. Owning a piece of land or real estate with a group of individuals or family members can lead to...
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