As you probably already know, estate planning is a very important process for everyone. Whether people have substantial assets or not, they still have wishes that should be recorded and documented. Unfortunately, many forget or delay this crucial activity until it’s too late! The final opportunity for many people to get estate planning handled is […]

A new law went into effect July 1, called the Domestic Asset Protection Trust Statute (referred to here in Mississippi as the Qualified Disposition in Trust Act). Mississippi joins fourteen other states in allowing you to move assets into an irrevocable trust and make them unavailable to third-party creditors. That gives you protection for those […]

For those who don’t know, Mississippi recently modernized its archaic trust code by adopting the Mississippi Uniform Trust Code. The Uniform Trust Code is a national codification of the law of trusts, and its adoption in Mississippi is welcome. Why is this a step forward? It’s because there were several items in our old trust […]

We’re pleased to announce that we have scheduled a boot camp for professional advisors on August 14 and 15. Officially known as the “Trusts, Estates, and Elder Law Bootcamp for Advisors,” this event is where we offer continuing education for CFPs (certified financial planners), CPAs (certified public accountants), and insurance advisors. We give them great information […]

We’ve launched an iPhone app for our clients and advisors.  Check it out on your iPhone or Android today!  You can access them here. While we were at it, we also made it available to our colleagues around the country, to customize for their own jurisdictions..  Our web site for this new venture is located […]

As we mentioned a short while ago, there are some very particular federal and state Medicaid requirements to meet if you want to receive Medicaid benefits. First, you need to be a resident of Mississippi and a US national, citizen, permanent resident, or legal alien. Second, you need to be at least one of the […]

In our last blog, we provided a few tips for finding the right in-home care provider for your loved one. One thing we didn’t discuss was hiring a family member as an in-home care provider. There’s a misconception out there that you’re not allowed to use a family member, but in reality, you may be able […]

It’s always tough to see a parent or loved one who has suffered a debilitating injury or who’s starting to need in-home care with every day activities. Whether the issue is physical, mental or both, it’s clear your loved one would really benefit from the assistance of a professional. There’s never going to be an easy time […]

Veterans have done a great service for our country, which is why they deserve to receive health benefits after serving. It’s important to understand eligibility requirements to ensure that you’re not missing out on the benefits you deserve. The Rules for Veterans’ Benefits Here are the rules. You’re considered a veteran and eligible for benefits […]

The 2014 numbers for Medicaid Qualification for the Aged, Blind and Disabled Residing in Nursing Homes or Participating in Home and Community Based Services Waivers in Mississippi are: Income Cap:  $2,163 Asset Cap:      $4,000 Community Spouse Resource Allowance (CSRA):  $117,240 Monthly Maintenance Needs Allowance:  $2,931