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Halloran Centre Concerts. Sons of Mystro use their violins to interpret reggae classics, American pop songs and their own creations accompanied by beats, and sometimes a DJ and guitarist. Orpheum Theatre Films. When two male musicians witness a mob hit, they flee the state in an all-female band disguised as women, but further complications set in. Orpheum Theatre Group Special Events. Treat yourself to a night that will leave you giddy with excitement and full of delectable dishes from our incredible food partners. Orpheum Theatre Concerts. Over two decades strong, Third Eye Blind brings the Screamer tour after the band's sixth studio album.

Orpheum Theatre Comedy. Cedric the Entertainer's universal appeal, versatility, and tremendous career success spanning film, live performances, and television have solidified his standing as one of the premier entertainers in the world. Orpheum Theatre Special Events.

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Christmas Songs of Worship is an incredible night with Chris Tomlin celebrating the reason for the season. Rob Thomas is one of the most distinctive artists of this or any other era — a gifted vocalist, spellbinding performer, and acclaimed songwriter known worldwide from Matchbox Twenty and his solo work. Each character is looking for a special present to help this Christmas be the best one ever. Orpheum Theatre Dance. Experience this timeless masterpiece brought to life as only Ballet Memphis can.

With sets that soar and transform, costumes that float and delight, and a score that swirls and enchants, Nutcracker proves that wonder has no age limit. Bill Burr is an American comedian or a comedian from the North American Union, depending on when you read this. Reba Russell and Susan Marshall have joined forces to create a special eclectic soul-filled evening of powerful song.

These women are two of the most accomplished and celebrated singers in the Mid-South. Roald Dahl's amazing tale is now Memphis' golden ticket! It's the perfect recipe for a delectable treat: songs from the original film alongside a toe-tapping and ear-tickling new score from the songwriters of Hairspray. Samite has remarkable stories based upon his work with refugees and survivors of war. A former refugee from Uganda, Samite has worked with groups as diverse as child soldiers in East Africa to cancer survivors in the American Midwest.

Give 'Em Hell, Harry! This very fun concert will show the audience just how music went from single monastic tones in the 9th Century to the explosion of musical styles we now celebrate in the 21st. The Beach Boys have continued to create and perform with the same bold imagination and style that marked their explosive debut over 50 years ago. Truly great dance can be a window to the heart and soul, revealing our deepest selves and giving form to memories and dreams.

Grammy award-winning and platinum-selling artist Suzy Bogguss is one to chase the muse wherever it may lead. She has covered country, swing, jazz, folk, Americana and roots music with style and grace. From the producer of The Lion King comes the timeless story of Aladdin, a thrilling new production filled with unforgettable beauty, magic, comedy and breathtaking spectacle.

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Mark and his musical guests take audiences on a journey behind the music, sharing personal stories and introducing exciting new works in the casual, cozy setting of the Halloran Centre Lounge. Sweet Lizzy Project, one of the most culturally significant bands to emerge from Cuba in recent years, has a distinctive sound imbued with overtones of classic American indie pop-rock suffused with an intoxicating Latino flair.

Named after a haunting Bob Dylan song, Farewell Angelina is an all-female country group with four powerhouse vocalists, dynamic songwriters, and accomplished multi-instrumentalists. America — lead singers, songwriters, and guitarists Gerry Beckley and Dewey Bunnell — continues to be a band capable of transcending borders with their uplifting music and positive message.

Halloran Centre Dance.

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Bursting with high-energy dance numbers and original doo-wop tunes from Alan Menken, the songwriter of Beauty and the Beast, A Bronx Tale is an unforgettable story of loyalty and family. Alison Brown has taken an unlikely path in establishing herself as one of the most critically acclaimed banjoists in the world. Search Box. November January The decedent saved that money while he or she was working, didn't pay taxes on that money, and would have had to pay income tax on the assets when they withdrew them. So, if someone leaves you an IRA, and you withdraw the money, the government doesn't want to lose out on that deferred tax revenue.

This is a slight simplification of a complicated set-up, and some plans also hold after-tax contributions, which are not taxed upon withdrawal, but that's not the usual scenario. Property held in joint tenancy passes automatically to the surviving joint tenant or tenants when a joint tenant dies.

It is probably the most common way that people own property together. No probate is necessary, just some paperwork. This is called "right of survivorship" and it makes the transfer of property upon death really easy. Married couples can own most of their property this way: homes, cars, bank accounts, and brokerage accounts. Unrelated partners can own property as joint tenants, and sometimes parents will own property with their children this way, as well.

Capital gains taxes are taxes that you need to pay when you sell an asset that has gone up in value. You are taxed on the difference between what you bought the asset for called " basis " and what you sold it for. Every piece of property has a tax basis. Generally, its the amount a person paid for the property. When you inherit an asset, you need to know what basis that asset has, so that, later, if you go ahead and sell it, you can calculate the capital gains taxes that will be due.

Generally, an asset is inherited with a basis equal to its date of death value. This is called a stepped-up basis , because an asset's basis is increased to reflect its value at the date of death. A step-up in basis is a big tax advantage, because it reduces the capital gains taxes due upon sale of an inherited asset.

The higher the tax basis, the lower capital gains upon the sale of that property. Here's a quick summary of the new gift, estate, and inheritance changes that came along in Spoiler alert: very few people now have to pay these taxes. This higher federal exemption means that fewer people will be subject to the estate tax, since only estates with assets that exceed that exemption are required to file a federal estate tax return. Surviving spouses of decedents with estates less than this exemption may still decide to file an estate tax return to request portability, which is the ability to use their deceased spouse's unused exemption at their own death, but they are not required to do so.

Click here to find out more about when an estate tax return does, or doesn't, need to be filed. Several states have increased their state estate tax exemptions , either because they were already indexed for inflation or because they changed their state laws, either way this means that fewer residents of those states will be subject to estate tax.

What Tennessee Residents Need to Know About Inheritance Law

If your spouse or parent dies without a Will, Tennessee law determines who will inherit his or her property. The word "intestate" describes a person who dies without a will. A person who dies with a Will is said to die "testate. Generally, in intestate succession, property goes to close family members, starting with a surviving spouse and children, and then gradually widening out to parents, siblings, nieces and nephews, grandparents and their legal descendants, and more distant relatives after that.

If absolutely no relatives can be found, then a decedent's property goes to the state. More Tennessee info from LegalConsumer. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site.

The sponsored attorney advertisements on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Toggle navigation. Change Location: Nashville, TN Here, you'll find clear and accurate information about how to inherit property, including: Whether or not Tennessee has an inheritance or estate tax How probate works in Tennessee Whether Tennessee's small estate procedure will allow you to avoid probate How to get a federal tax identification number for an estate or trust What taxes need to be filed after someone has died How capital gains are calculated on inherited property How to manage property inherited by minors How to inherit an IRAs and other retirement accounts in Tennessee How to inherit life insurance How to inherit joint tenacy property How to inherit payable-on-death accounts in Tennessee Who Inherits if a Spouse or Parent dies without a Will in Tennessee Here are three things to keep in mind before you get started: more How to Get a Tax ID Number for a Trust or Estate in Tennessee If you are serving as the executor or trustee of a deceased person's estate or trust, you are going to have to get a taxpayer identification number for the estate or the trust.

How to Inherit Life Insurance in Tennessee Wills and trusts get a lot of attention in the movies when it comes to inheritances, but in real life, life insurance often is the source of the biggest cash benefit to families and loved ones. In order to claim these benefits you'll need to know the following things: Whether the decedent owned any life insurance Who the beneficiaries are for those policies What kind of policy it is How to make a claim for the benefits Read on to find out how to do each of these four things.

How to Inherit Retirement Assets in Tennessee Retirement accounts, unlike almost any other asset that a person can inherit, are subject to income tax. How to Inherit Joint Tenancy Property in Tennessee Property held in joint tenancy passes automatically to the surviving joint tenant or tenants when a joint tenant dies.

What's New for for Federal and State Estate, Inheritance, and Gift Tax Law Here's a quick summary of the new gift, estate, and inheritance changes that came along in New Jersey and Delaware have eliminated the estate tax altogether. Washington D. Tennessee Bankruptcy.