IRS Targets Estate Tax Valuations of Family Businesses

The U.S. Treasury Department’s recent proposal to place extensive limits on valuation discounts has caught the attention of family-owned business owners and their estate planning attorneys. The proposal seeks to limit commonly used techniques in which families can minimize estate and gift taxes attributable to family-owned entities by claiming lack of control and lack of…

Are Non-Competition Agreements Enforceable in Tennessee?

Are Non-Competition Agreements Enforceable in Tennessee? Yes. Contrary to what seems to be popular belief, non-competition agreements are generally enforceable in Tennessee. For a non-competition agreement to be enforceable in Tennessee it must be sufficiently tailored to balance the employer’s interests with the employee’s right to work. Tennessee law recognizes the employer’s justification for protecting…

Welcome to Estate of Mind!

Welcome to Estate of Mind! Welcome to Estate of Mind – a blog focused on the issues of estate planning, probate administration and business planning in Tennessee. Estate of Mind was created by Rob Hazard, attorney and certified public accountant, whose law practice at GSRM is dedicated to these three areas. We have one simple goal and that is…