Informational Elder Law Workshops
Knowledge is a powerful tool in any aspect of life. And when you look to those pivotal moments in life, having the correct knowledge is so important, whether you are planning for marriage, children, retirement, long-term care, or the end of life. Learn the legal basics of elder law from the knowledgeable and friendly team at Parker, Toy & Associates, PLLC.
In hopes of providing important education to the public, we provide periodic workshops that are held throughout Middle Tennessee. Private workshops are available for groups and organizations that wish to provide more in-depth elder law information to their members.
Gain Knowledge On A Wide Range Of Topics
- The importance of having an estate plan
- The importance of understanding how you own your possessions
- How to decide between a will or a trust
- The importance of planning for long-term care
- How to avoid fiscal losses due to long-term care costs
- How understanding the rules of TennCare and Veteran’s Benefits can protect you and your loved ones from heartache
Disclaimer
For 2018, the maximum exclusion for federal estate tax purposes is $11,180,000 per person. Tennessee currently no longer has a state inheritance or gift tax.
You should be aware that certain property, including real property, insurance proceeds, deposit accounts, stocks, and retirement fund, may be taxable or not taxable, depending on how legal title is held or beneficiary designation is made, or both.
Also, it is important to know that certain property may be transferred through several different means including, but not limited to, joint ownership of property with rights of survivorship, joint deposit accounts, beneficiary designations, or elections permitted under retirement plans, insurance policies, trusts or wills.
Before creating any transfer through a living trust, revocable living trust, or otherwise, you should seek advice from an attorney, accountant, or other tax professional to determine the true tax impact and ensure that assets are properly transferred into any trust.
Tenn. Code Ann. § 47-18-104 (36)(B)