Tennessee has no estate or inheritance tax — but that does not make a family’s plan tax-free. This session will walk through the federal traps hiding inside routine Tennessee estate planning: deed changes that trade a step-up in basis for probate avoidance, quitclaim deeds that are not actually exempt from recordation tax, revocable trusts oversold as tax planning, grantor trust powers that are misdrafted more often than not, and the post-death filings a successor trustee never sees coming.

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