Estate Planning

Henry & McCord has been planning estates for over 60 years. This provides us with substantial experience acquired from handling estate planning from the initial planning stages through the implementation phase.

Henry & McCord’s estate planning attorneys are involved in the most commonly used estate planning techniques, ranging from the preparation of simple wills to complex wills and trusts involving planning for federal and state gift, inheritance and estate taxes as well as generation-skipping transfers. Our estate planning attorneys are ready to discuss with you your options relating to the following:

• Advanced directives. This includes living wills as well as durable powers of attorney for health care.
• Durable powers of attorney for business matters.
• Wills.
• Trusts (both revocable and irrevocable).

Henry & McCord’s estate planning attorneys can discuss with you your circumstances and goals, as well as those of your parents, children and others, to integrate multigenerational planning. Within these goals, we can explain to you your options for the transfer of your assets during your life and at your death, in order to best minimize Tennessee gift and inheritance taxes, federal estate and gift taxes, and federal generation skipping taxes. We can discuss with you options available to qualify different kinds of transfers to your spouse for available marital deductions, as well as options for trusts relating to your descendants to incentivize them to take certain actions you deem appropriate. We can also help you in making these trusts exempt from the claims of the
creditors of your beneficiaries.

Whether your needs involve simple wills and powers of attorney, or more complex estate planning, Henry & McCord has the experience and knowledge to represent you and your family.

Articles of Interest:

ESTATE AND GIFT TAX UPDATE – TEMPORARY REPEAL OF THE FEDERAL STATE TAX AND GENERATION SKIPPING TAX.

OCTOBER 17-23, 2016 IS NATIONAL ESTATE PLANNING AWARENESS WEEK.

James H. Henry II | Richard W. Gabriel