Most people are aware of how devastating one lawsuit can be, even if they have never been victims of one. Despite this, many people are under the assumption that it could never happen to them, leaving them exposed to major risks in the form of litigation. There are 20 million lawsuits filed in the U.S. [...]
Although it is certainly possible to achieve a fair amount with reactive planning in an elder law crisis, it is much easier to plan in advance. An elder crisis with no prior planning might leave invested parties with only a will or a will and power of attorney to review. Even if these documents are [...]
As a result of relatively high divorce rates and better longevity these days, blended families now outnumber traditional families. Divorce and remarriage has the tendency to increase the number of individuals involved in an estate, which can lend itself to complexity if not properly planned for. With more individuals at the table for an estate, [...]
An executor plays a very important role in carrying out an estate, and it can be nerve-wracking as well as frustrating if you suspect that an executor is not being completely prudent or truthful. Executors have a fiduciary duty to carry out their tasks with integrity and trust. If there is suspicion that something has [...]
There are many asset protection tools out there- you can just ask your attorney to highlight some of the most popular ones for you. Asset protection tools often work together, complementing one another to give you peace of mind and confidence about the future. Two tools that work well in an overall plan include life [...]
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. Medicare on Red Keyboard Button Enter on Black Computer Keyboard. Taking Medicaid and [...]
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 [...]
