Primary Practice Areas: Federal taxation, charitable organizations, business law, asset protection, estates and trusts
Jeramie J. Fortenberry, LL.M. practices in the areas of business formation and planning, taxation, estate planning, trust and estate taxation, and probate law. In his business law practice, he advises companies and executives on a broad range of issues, including mergers and acquisitions, corporate, securities and commercial law, limited liability companies, and corporate governance. He has prepared hundreds of deeds for property transfers throughout the states of Mississippi, Alabama, and Florida. He assists clients from across the United States with wills, trusts, probate, and gift and estate tax planning transfers.
Startup and Business Law
Jeramie helps small businesses structure their affairs to protect the owners from liability and save money on taxes. He helps his clients choose the correct form of business entity, ranging from family limited partnerships for estate planning purposes to closely-held corporations (both C corporations and S corporations) and LLCs for asset protection. He also helps his small business clients with internal agreements, such as employment agreements, independent contractor agreements, and other business contracts. He has been lead attorney on a number of multi-million dollar business acquisitions in the Southeast.
Wills, Trusts, and Estate Planning
Jeramie’s estate planning practice includes the preparation of wills, living trusts, testamentary trusts, health care plans, and family limited partnerships. His helps his estate planning clients arrange their affairs so that their assets are handled in the manner they choose. His background in estate and gift tax law informs his estate planning practice.
Although no two estate plans are alike, Jeramie prepares estate plans that provide for the possibility of incapacity as well as the certainty of death. His goal is to protect assets during a client’s lifetime and distribute the assets in accordance with the client’s wishes after death.
Many of Jeramie’s estate plans involve trusts. These trusts may be established at death (to provide for minor children, for example) or as a revocable/living trust that becomes effective immediately (for probate avoidance, asset protection, or incapacity planning). For clients with gift and estate tax concerns, Jeramie uses credit shelter, disclaimer, or other trusts to help achieve optimal tax savings.
Jeramie’s estate planning clients range from the very modest to the very wealthy. Regardless of the client’s financial situation, each estate plan is customized to the client’s needs. Estate plans may range from a simple will-based estate plan for clients with modest estates to a complex estate plan involving family limited partnerships and tax-driven trusts for more wealthy clients. Because he uses a value pricing model, his clients are able to weigh the cost against the benefit and choose the plan that is appropriate to their circumstances.
Probate and Estate Administration
Jeramie helps fiduciaries from across the United States with Mississippi, Alabama, and Florida probate and estate administration. His first priority in probate matters is to get the job done with as little expense and delay as possible.
He handles probate and estate administrations in all counties in the states where he practices, without the need for his clients to appear in court or travel in from out of state. Many of his probate and estate administration clients live in other states.
Nonprofit and Exempt Organization Law
Jeramie is also active in the charitable community and has represented nonprofit organizations in tax and corporate governance matters. His nonprofit practice involves helping nonprofits obtain and maintain tax exemption, comply with charitable registration laws, and structure their operations to remain compliant. He has served as general counsel for various 501(c)(3) organizations, including the Gulf Coast Women’s Resource Center (faith-based crisis pregnancy center) and SMHD (affordable housing).
Real Estate Transfers
Jeramie prepares quitclaim deeds, warranty deeds, life estate deeds, Lady Bird deeds, and otherwise assists in transferring real estate throughout the states of Mississippi, Alabama, and Florida. His deed preparation is usually in connection with estate planning, to avoid probate, or to transfer property between family members.