8001 Centerview Parkway, Suite 103
Memphis, TN 38018
PHONE: 901.372.5003
FAX: 901.383.6599
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Larry concentrates his practice in the areas of estate planning and post-death administration, as well as asset protection planning and charitable planned giving. He counsels clients with respect to a wide range of issues relating to wills and trusts, estate planning, trust administration, asset protection, charitable giving, business succession and taxes.
Larry is a member of WealthCounsel, LLC, a national provider of estate planning education and document drafting systems. He is also a member of e.Planners Educational Alliance, a non-profit educational organization founded by prominent estate, trust, tax and business attorneys from around the United States. It provides state of the art educational opportunities and resources for its members while furthering the collegiality of the profession.
Larry has presented nationally to professional audiences for e.Planners, WealthCounsel, LLC, the University of Mississippi’s Mid-South Conference on Estate Planning, the Esperti Peterson Institute for Advanced Estate Planning Strategies, the Teton Institute, the Planned Giving Council of Greater Memphis and the Mid-South Forum of Estate Planners.
PRACTICE AREAS
- Estate Planning
- Powers of Attorney for Financial Transactions
- Living Wills
- Powers of Attorney for Health Care Decisions
- Last Will and Testaments
- Revocable Living Trusts
- Tennessee Community Property Trusts
- Tennessee Tenants by the Entireties Trusts
- Generation Skipping Transfer Tax Planning
- Irrevocable Life Insurance Trusts
- Irrevocable Gift Trusts
- Retirement Benefits Planning
- Special Needs Trust
- Incentive Trusts
- Educational Trusts
- Asset Protection Planning
- Limited Liability Companies
- Family Limited Partnership
- Domestic Asset Protection Trusts, including Tennessee Investment Services Trusts and Mississippi Qualified Disposition Trusts
- Off-Shore Asset Protection Trusts
- Charitable Planning
- Estate Administration
EDUCATION
- Freed-Hardeman University, Varsity Basketball Scholarship
- University of Memphis, Bachelor of Business Administration in Accounting, Cum Laude
- University of Memphis, Cecil C. Humphreys School of Law, Juris Doctor
ADMISSIONS
- Tennessee
- Kentucky
- Wyoming
- New York
- United States Tax Court
WORK EXPERIENCE
- Attorney, Patterson Bray
- Attorney, Smith Bray & Associates, PC
- Tax Accountant, Watkins, Watkins & Keenan, CPAs
PROFESSIONAL & COMMUNITY ACTIVITIES
- Member, WealthCounsel, LLC
- Member, e.Planners Educational Alliance
- Member, Tennessee Bar Association
- Member, Memphis Bar Association, Wills/Probate Section
- Member, Wyoming Bar Association, Estate Planning, Trust & Probate Section
- Member, New York State Bar Association, Trusts and Estates Law Section
- Member, Kentucky Bar Association, Probate & Trust Law Section
- Member, Memphis Estate Planning Council
- Former Officer and Current Member, Planned Giving Council of Greater Memphis
- Member, Professional Advisors Council of the Community Foundation of Greater Memphis
- Former Chairman of the Board of Trustees of his local church where he also served on the Endowment Fund Committee
REPRESENTATIVE MATTERS
- Successful transfer of $30 million estate tax-free to heirs using gifting strategies to irrevocable trusts prior to the sale by three partners of a national company for $60 million.
- Successful asset protection plan for a contractor protecting $7 million of assets from subsequent creditors who settled for a fraction of the original amount of the lawsuit.
- Combined asset protection plan and estate tax reduction plan for physician who was able to settle a lawsuit for a fraction of the original amount of the lawsuit and was able to transfer $5 million in assets estate tax-free to his heirs.
- Accomplished the efficient business succession plan for a $10 million company at the death of an owner without court interference or incurring any additional tax liability.
- Successful structure of a construction company so that $20 million of the $30 million sales price will transfer estate tax-free to the family.