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Articles
We have written Articles that cover various aspects of our areas of practice. You can review them by clicking on the topic buttons under the "Articles" button. We hope you find them of interest.
Asset Protection in Tennessee
This is NOT a "Do It Yourself" topic! If you are not a lawyer DO NOT take ANY actions based upon what you read here! (Other than the advise to call a lawyer.) If you are a lawyer, in my opinion, until you are familiar with the professional ethical issues involved, you should stay away from this area of law.
In these articles we try to cover the "art" of exemption planning. In Tennessee the amount of assets that a resident can legally exempt from creditors borders on obscene. There is no reason for a Tennessean to envy the exemptions allowed in other states. Exemption planning is quite simple when a client is in good financial health. However, most people do not worry about "exempt" assets until they have reason to worry about creditors taking assets. Actions taken to "hinder, delay or defraud" creditors are void and are frequently crimes. This area of the law has no bright lines. It is always better to do nothing until you have consulted with an expert in this area of the law.
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