Essential Estate Planning Through Effective Asset Titling

Lance Pruitt

Lance excels at handling the “big picture” for affluent families by reviewing personalized estate planning and developing asset preservation strategies to help achieve their goals. Lance also serves these families during the estate administration process to ensure these strategies come to fruition.

Lance practiced law for several years before joining the team in 2004. As an attorney, he primarily focused on estate and tax planning, estate administration, defending clients before the IRS and Tennessee Department of Revenue, and corporate planning.* He holds degrees from the University of Tennessee (B.S.), Southern Illinois University School of Law (J.D.), and the University of Missouri-Kansas City School of Law (LL.M. in Taxation)*. Lance is a member of the Knoxville Bar Association and is an adjunct professor at Tusculum College where he teaches Business Law.

I. Why is proper asset titling so critical? | 11:00am – 11:20am

II. Positive and Negative impacts of retitling certain assets | 11:20am – 11:40am

III. What are the common mistakes or oversights involved with asset titling? | 11:40am – 12:00pm

Break | 12:00pm – 12:10pm

IV. Various forms of joint ownership of assets | 12:10pm – 12:40pm

V. Steps necessary to retitle specific assets (brokerage accounts, real estate, etc.) | 12:40pm – 1:10pm