Business Transaction Newsletter – July 2016 Edition

August 9th, 2016   •   Comments Off on Business Transaction Newsletter – July 2016 Edition   

WHEN IS A CONTRACT TOO VAGUE TO BE ENFORCEABLE?   In the case of Keltner v. Estate of Mary Lois Simpkins, the Court of Appeals found a contract was not enforceable because it was too vague.  In effect, the Court found that a future agreement to agree is not an enforceable contract.   The facts… Read More

Estate Planning Newsletter – June 2016 Edition

August 8th, 2016   •   Comments Off on Estate Planning Newsletter – June 2016 Edition   

A HISTORY LESSON FEDERAL ESTATE TAX TURNS 100 YEARS OLD   A few weeks ago, The Wall Street Journal published an article explaining the history of the Federal Estate Tax based on the fact that it turns 100 years old this year. In 1916, as World War I raged in Europe, Congress wanted to boost… Read More

Banking Law Alert – June 2016 Edition

August 8th, 2016   •   Comments Off on Banking Law Alert – June 2016 Edition   

KNOW THE FRAUDULENT CONVEYANCE LAWS TO PROTECT YOUR INTERESTS In the case of State Bank of Reeseville v. Shea, the Tennessee Court of Appeals dealt with the issue of Tennessee Statutes dealing with exempt life insurance proceeds.  The State Bank of Reeseville, a Wisconsin bank (“Bank”), made a loan to Reeseville 16, LLC (the “LLC”)… Read More

Business Transaction Newsletter – May 2016

August 3rd, 2016   •   Comments Off on Business Transaction Newsletter – May 2016   

NEW CASE ON PIERCING THE CORPORATE VEIL   Asset protection planning is important in business transactions as well as day to day operations of a business.  The Tennessee Court of Appeals issued a recent opinion providing a checklist of the factors Tennessee courts consider in piercing the corporate veil.  I have written about piercing the… Read More

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