Business Details
17 Years
experience
Your Trusted Memphis Estate Planning Law Firm
Parham Estate Law, founded in 2009 by attorney Mike Parham, specializes in comprehensive estate planning and legal services for individuals and businesses in Tennessee, Mississippi, and Arkansas. With over 20 years of experience, the firm offers tailored solutions for wills, trusts, probate, asset protection, and business succession planning. Mike Parham holds a Master of Laws (LL.M.) in estate planning and is certified as an estate planning specialist by the state of Tennessee.The firm emphasizes personalized service, avoiding cookie-cutter approaches to address clients' unique needs. Parham Estate Law is recognized for its commitment to community service and professional excellence, including a Martindale-Hubbell AV Preeminent Peer Review Rating. Clients praise the firm's attentive approach, expertise, and ability to simplify complex legal matters. Offices in Memphis and Henderson, Tennessee, serve Shelby County, Madison County, and surrounding areas.
Services
Estate Planning
Trust Administration
Probate
Asset Protection
Wills
Business Succession
Powers of Attorney
Guardianships
Tax Planning
Special Needs Trusts
Details
- Year established: 2009
Highlights and features
- We offer over 20 years of specialized estate law experience.
- Our practice combines personalized service with advanced legal credentials.
- We provide tailored solutions for complex estate planning needs.
- Our team includes a Fellow of the American College of Trust and Estate Counsel.
- Clients consistently praise our attentive, family-like approach to legal matters.
Associations and certifications
- Martindale-Hubbell
- American College of Trust and Estate Counsel
What people say
Great experience
Guiding us through the process
Personalized approach
Highly capable
Genuinely cared
Services
Estate Planning
Parham Estate Law provides comprehensive estate planning services, including wills, trusts, and tax strategies. Our approach combines legal expertise with personalized guidance to protect assets and ensure clients' wishes are honored. We serve individuals and businesses in Tennessee, Mississippi, and Arkansas with tailored solutions.
Trust Administration
Our trust administration services include creating revocable and irrevocable trusts to manage asset distribution and minimize tax liabilities. We help clients establish special needs trusts, generation-skipping trusts, and other customized solutions while ensuring compliance with state and federal regulations.
Probate
We guide executors and beneficiaries through probate proceedings, handling asset distribution, debt settlement, and court requirements. Our experience in Tennessee probate law ensures efficient resolution of estates while protecting clients' interests during complex legal processes.
Asset Protection
Our asset protection strategies include domestic asset protection trusts and Tennessee Investment Services Trusts (TISTs). We help clients safeguard property from creditors while maintaining compliance with state laws and preserving generational wealth.
Business Succession
We develop business succession plans to ensure smooth transitions for company ownership and management. Our services address tax implications, ownership transfers, and continuity strategies for family-owned businesses and professional practices.
People
Michael R. Parham
Principal Attorney
With over 20 years of experience, Mike Parham holds an LL.M. in estate planning and is a Fellow of the American College of Trust and Estate Counsel. He founded Parham Estate Law in 2009 after graduating from Vanderbilt Law School and the University of Miami School of Law.
Questions
What estate planning documents do I need?
Essential documents include wills, trusts, powers of attorney, and advance healthcare directives. We help clients determine the appropriate combination based on their specific circumstances and goals.
How can trusts help avoid probate?
Revocable living trusts allow assets to transfer directly to beneficiaries without probate court involvement, maintaining privacy and expediting distribution while maintaining asset control during your lifetime.
What happens if I die without a will in Tennessee?
Intestate succession laws will determine asset distribution, potentially excluding non-traditional heirs and causing family disputes. A valid will ensures your specific wishes are followed.
How often should I update my estate plan?
Review your plan every 3-5 years or after major life events like marriage, divorce, or significant asset changes to ensure it remains current and effective.
What is asset protection planning?
Asset protection involves legal strategies like trusts and entity structures to shield wealth from potential creditors while maintaining compliance with state and federal laws.
