The SafeEstates Blog

November 12, 2020

Watch For Falling Prices?

The holiday shopping season is upon us. Will you do most of your shopping online or at brick and mortar retail stores? Will you shop early or wait for falling prices? Do you know Walmart, the largest retailer in America, gets about 10% of its total revenue from online sales? Sam Walton bought his first store in 1945 at age 26 in Newport, Arkansas. When the landlord refused to renew the lease, Sam was forced to sell the store to the landlord. Undeterred, Sam bought a different store 200 miles away in Bentonville, Arkansas. By 1962, Sam and brother Bud owned 16 stores. They opened the first...

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July 2, 2020

Celebrating Our Independence and Adjusting to the Velocity of Change

Our nation marks its 244th birthday this month. Recently much has been said about prejudice, injustice, immorality, hatred and selfish ambition in America. It may feel like America has made huge social justice changes for good over the past 5, 10, or 55 years. If may feel like the velocity of change is too slow. I hope you will take time on July 4 to reflect on the love, joy, peace, patience, kindness, goodness, faithfulness, gentleness and self-control you see in other Americans. As Paul the apostle points out, “against such things there is no law.” How are you doing after several months of travel...

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June 3, 2020

A Tale of Two Children

Recently, I read Ann Patchett’s The Dutch House on a recommendation of my wife, Mary Ann, and our TV and podcast friend, Dana Perino. I expected a well written novel. I did not expect a casebook on business succession planning and estate planning. I don’t want to spoil the book for you if you have not read it, so I apologize in advance if I go too far. The Dutch House tells the story of Danny Conroy and his sister, Maeve, and their relationship with their childhood home. Their father’s lack of thoughtful planning and a harsh turn of events force them to make difficult...

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June 1, 2020

COVID-19 and Legal Services

We hope you are safe and well. Those who have experienced personal loss from the pandemic are in our thoughts and prayers. Those who have relieved the suffering of others in their distress, thank you for your kindness and generosity. We are available to help you with legal services. At present our team is safe and symptom-free. We are following CDC guidelines and the Tennessee Pledge guidelines. Since our office reopened for all in-person services everything has gone well. We are meeting in person with clients to sign documents and perform other tasks. We are conducting many client meetings by...

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May 1, 2020

COVID-19 and Legal Services

We hope you are safe and well. Those who have experienced personal loss from the tornado or pandemic are in our thoughts and prayers. Those who have relieved the suffering of others in their distress, thank you for your kindness and generosity. We are still available to help you with legal services. We are following CDC guidelines, washing our hands, social distancing, disinfecting surfaces regularly, etc. Our office will reopen for all in-person services on May 4. Initially we will limit our in-office appointments to 1 each morning and 1 each afternoon. We will follow the Tennessee Pledge: General Guidelines for Businesses which you can...

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April 1, 2020

COVID-19 and Legal Services

We hope you are safe and well. Those who have experienced personal loss from the tornado or pandemic are in our thoughts and prayers. Those who have relieved the suffering of others in their distress, thank you for your kindness and generosity. As this newsletter is heading to publication, Metro Health Department has issued a Safer at Home Order directing all Davidson County residents to stay inside their homes from March 23-April 5 except to take care of essential needs and obtain or provide essential services. Legal services are among those deemed “essential services businesses” which will remain open. The Safer at Home Order...

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November 7, 2019

A Legacy of Hospitality, Charity and More

When hotel magnate Barron Hilton died September 19, 2019 at age 91, the lead story was his pledge to follow his father’s example by giving 97 percent of his wealth to the humanitarian work of the Conrad N. Hilton Foundation. In round numbers, Barron’s $3 billion gift was projected to increase the foundation’s endowment to over $6 billion. The foundation’s mission is to relieve the suffering, the distressed, and the destitute. That’s a big way to spell relief! The legacy of this remarkable family is worth reviewing. Conrad Hilton was born in 1887, served in the first New Mexico State Legislature in 1912,...

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August 1, 2017

Does A Business Die When Its Founder Is Murdered?

What happens when the founder of a company dies unexpectedly?  Jim Miller founded Jim Miller Excavating Company, Inc.  in Sweetwater, Tennessee in 1990.  Jim operated the business until he was murdered in 2010 at age 60.  On the day of his death, he worked on an interstate highway project until dark, then attended an election commission meeting late in the evening.  He never made it home afterwards.  He died intestate (no will), survived by his spouse, Vickie, and his daughters, Mechelle and Jamie, from a previous relationship. Because he had no will, Jim’s estate passed by intestate succession to his...

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July 1, 2015

July 2015 Newsletter – Independence Day

Independence Day is the day we celebrate our independence as a nation.  I associate July 4th with fireworks, parades, homemade ice cream, watermelon, family reunions and baseball.  All these happy associations allow us to overcome the heat and humidity that accompany the celebration in Middle Tennessee.  I do not know whether I am related to the William Hooper of Wilmington, North Carolina who signed the Declaration of Independence.  I am not his direct descendant.  That does not keep me from pointing out that the Hooper boys have been in America a long time! If you have not done this in...

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January 3, 2014

Business Succession Plan & The New Year

Each January brings opportunity and optimism.  The New Year gives us a fresh start on life and causes us to look forward instead of backward.  Now is a great time for making decisions, setting short term and long term goals, and taking action toward achieving your goals. January is the birth month for Martin Luther King, Jr. (January 15, 1929) and Robert E. Lee (January 19, 1807).  Both were great leaders who sacrificed their personal welfare for a greater cause and inspired thousands to join them.  Dr. King inspired and unified a generation of Americans.  His impact on social justice...

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