An interesting article on myjourneytomillions.com explores whether handwritten wills are valid, and whether individuals are better off drafting a handwritten will than they are using a do-it-yourself service like legalzoom, or hiring a lawyer. In Mississippi, a handwritten will, which is called a “holographic will”, is legal as long as it is completely in the [...]
Most people can accept the fact that taxes are going to be levied and they simply make out the check dutifully and put the unpleasant matter behind them. But how would it feel if that tax bill kept being presented over and over again? This is the spiral that the estate tax brings with it, [...]
While you’ll create your will while you’re still alive, it will be one of your loved ones sorting through your paperwork to find it once you pass away. If you have multiple documents or it’s not easy for them to find, it’s easy to make mistakes about what the existing will includes or if it’s [...]
Many people use self-help methods to avoid estate and probate issues. Their goal is to ensure the transfer of assets to family members upon their death. While this method of asset transfer will save you attorneys fees, it could be costly in the long run if one of your family members runs into financial trouble, [...]
An affidavit of heirship is a legal document used to identify heirs of a deceased person who died without a will. It’s essential for transferring property without going through a lengthy probate process. This article will help you understand the affidavit of heirship, how to prepare one, and common mistakes to avoid, making estate management [...]
Navigating Mississippi inheritance laws is essential for both estate planning and managing a loved one’s estate. Beneficiaries do not have to pay taxes on inherited assets in Mississippi. This guide explains the absence of state inheritance taxes, the process for validating a will, and the rules for distributing assets if there is no will. Although [...]
Even iconic artists like Prince can encounter estate planning challenges. As a devoted fan of many musical legends, I was surprised as a Jackson, MS trust lawyer to learn that Prince passed away without a trust or will. Sadly, the resulting legal battles within his estate continue to make headlines. Let's delve into the situation [...]
Want to avoid probate in Mississippi? This guide will show you how to avoid probate in Mississippi and ensure your assets go directly to your heirs without the delays and costs of probate. We’ll cover methods like setting up revocable living trusts, jointly owning property, and other practical tips. Read on to learn reliable strategies [...]
Wondering if you qualify for Mississippi Medicaid eligibility? This comprehensive guide will walk you through the specific eligibility criteria, including income limits, household size, and special programs designed to help you get the coverage you need. Key Takeaways Eligibility for Mississippi Medicaid is primarily determined by income limits based on the Federal Poverty Level, which [...]
It should come as no surprise that Mississippi, the poorest state in the union, also has the fewest millionaires in the country. See recent report on the top and bottom ten states here. Excerpt from report is below: James Duff and Thomas Duff are prominent figures on the Forbes 'Richest People in America' list. Their [...]
