New Tax Law in Tennessee: How State and Federal Changes Affect Estate Planning - on CD

The American Taxpayer Relief Act of 2012 was enacted on January 2, 2013. The Act makes significant changes that will affect many estate plans. It permanently maintains the $5 million estate tax exclusion amount, with this amount adjusted for inflation each year; makes permanent the unification of the gift and estate tax exclusion amounts; makes permanent the unification of the estate tax and GST tax exclusion amounts; permanently caps the maximum estate, gift, and GST tax rates at 40 percent; and makes permanent the concept of estate and gift tax exclusion portability.

In 2012, the Tennessee legislature increased the maximum allowable exemption from the inheritance tax from $1 million to $1.25 million for individuals dying in 2013, $2 million in 2014, and $5 million in 2015. The inheritance tax will be eliminated beginning in 2016.

Participate in this interactive audio conference, and you'll learn how to plan with the new federal exemption and the changes in the Tennessee inheritance tax, how to allow flexibility in estate planning in the event the laws change again, and what provisions can be used in trusts and wills to take advantage of the laws that exist now.

Agenda:

• Planning with the new federal exemption and the changes in the Tennessee inheritance tax
• Portability of the federal exemptions – a new world or a box canyon?
• Planning for flexibility in case it all changes again
• Special provisions for wills and trusts with what we now know.
• And more!

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About your presenter:

For more than 40 years, Harlan Dodson has been helping people and businesses solve problems and plan for the future. Clients seeking general business advice, estate planning services, or representation in litigation count on his vast experience and track record of getting the job done. Mr. Dodson provides hands-on guidance for his clients, whether working with them to launch a business, structure a complex real estate deal, or draft a will. He learned this dedication from his attorney father. As he puts it, “My father understood that the profession of law is about helping people. Watching him, I learned that clients need someone who can not only draw up papers but who also can give practical advice on solving problems and preparing for the future.” Mr. Dodson went to college at Duke University and then came home to Nashville to study law at Vanderbilt. During law school, he served as associate editor of the Vanderbilt Law Review and as a member of the National Moot Court Team. Upon graduation, he joined his father’s firm, Hooker, Keeble, Dodson & Harris. In 1985, he founded Dodson & Associates, and the firm merged with Shipley & Behm in 1988.