There are numerous laws and regulatory issues to take into account when considering a state in which to form a Private Trust Company (PTC), including requirements around annual reporting, residency of personnel and capital...more
Tennessee Gov. Bill Lee approved Public Chapter No. 695 on April 11, 2024, as passed by the Tennessee General Assembly (Trust Bill). The new law became effective on July 1, 2024, and it made several important changes to...more
7/10/2024
/ Estate Planning ,
Estate Tax ,
Family Businesses ,
General Partnerships ,
Gift Tax ,
Incapacitated Persons ,
Minors ,
New Legislation ,
Partnership Agreements ,
Partnerships ,
Power of Appointment ,
Trustees ,
Trusts ,
Uniform Trust Code ,
Wealth Management
The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts. The legislature's most recent enhancements to Tennessee's Uniform Trust Code (TN UTC)...more