If you have gone through the legwork to think through a business succession plan, you are already ahead of most business owners. Knowing the basics of what you want to include in the plan is a good first step, but you need to document your plans in writing in order for them to be clear […]

The question of whether existing government programs will influence the future of public policy for others is a hot topic right now as politicians on both sides of the aisles are considering what Medicaid and Medicare will look like down the road. Taking Medicaid and Medicare out of the picture seems unrealistic, but this basic […]

Don’t make the mistake of assuming that these documents are one and the same. While they might help you achieve the same overall goals, you might need both of them and you should not think of one as a substitute for the other. Consult with your Mississippi estate planning attorney for more information on the […]

Much like retirement planning should be considered prior to your actual retirement, estate planning should be evaluated before you pass away. On an annual basis, make an appointment with your estate planning attorney. If you’re concerned about other instances that warrant a meeting with a specialist, read on to learn common concerns that should instigate […]

Trying to plan ahead for asset protection can be difficult these days as many people are not aware of the multiple ways in which you can expose yourself to risk down the road. One of the biggest financial risks you may face is divorce, which can ravage your assets and leave you in a much […]

  If you are planning ahead for your estate, it’s possible to pass on assets to your loved ones as well as charity. Read on to learn more about the best ways to gift with charity in mind. In order to do this successfully, you might weigh the tax benefits of giving against the needs […]

Although estate planning advice generally focuses on investments, retirement, and other big-ticket items, it’s important to evaluate your plans for personal property, too. Things like furniture, china, and paintings all fall under the umbrella of personal property. This is critical also because people often have big emotional ties to these items, and this can cause […]

  In 2013, the IRS official sanctioned the use of the Delaware Incomplete Non-Grantor Trust. This provides for lowering the state income tax burden, avoiding the federal gift tax, and providing for asset protection. Often referred to as a DING, this is of most use to high net-worth individuals who have appreciating assets located in […]

  Death or disability can suddenly and negative impact an unprepared business. Even a gradual retirement can hurt the potential for success with continuity and management by successors in the future. That’s where a buy-sell agreement comes into play to help ensure stability and cash flow while the retiree’s buyout was funded.  Sale to a […]

There are two important keys for factoring in healthcare decisions late in life. These are the living will and a healthcare proxy. They not only provide directions for someone’s care, but they also keep decisions from being made in expensive court proceedings.  A living will clarifies a person’s health care decisions, but states do vary […]