A recent article points out the beneifts of Pet Trusts. As the article points out, unfortunatley, Mississippi is on one of the few jurisdictions around the country that does not recognize pet trusts by statute. Nonetheless, it is possible to provide for funds for support of your pet in Mississippi through your estate plan. [...]
When you combine two very poignant statistics that are relevant to anyone planning for their twilight years a clear picture emerges. Firstly, people are living longer than they ever have before, and the numbers of the oldest old (people 85 years of age and older) are expanding very rapidly. And secondly, once you reach the [...]
When you are planning for your golden years and the end of your life that ultimately lies in wait you will have a number of very specific objectives. For one thing you want to make sure that your assets are not eroded unduly be various forms of taxation. You are also going to need to [...]
When you hear some news that is better than it could have been your initial feeling about it often changes over time. For example, if you twisted your ankle badly while you were out jogging and went in for an x-ray you would be hoping that it wasn't broken. If the x-rays do in fact [...]
It is understandable that a lot of people wind up putting estate planning on the back burner for a number of different reasons. For one thing, you tend to put off the unpleasant things that you would rather not think about. This is an emotional choice, but even if you have no problem addressing your [...]
Estate planning involves the protection, optimization and preparation of your assets for transferal to your loved ones after you pass away. However this event does not take place in a vacuum, so this type of planning also involves recognition of the realities that you may well be facing toward the end of your life. Planning [...]
So we now have a $5 million estate tax exclusion, and it is important to emphasize the fact that this $5 million exclusion is per person, so married couples could combine their respective exclusions and enjoy a $10 million estate tax cushion. Now let's say you were to sit down with your estate planning attorney [...]
Social Security is something that people tend not to think much about until they start to get closer to retirement age. So if you haven't yet done your research you may not be aware of the fact that the amount of your benefit can vary based on when you choose to apply for Social Security. [...]
Different people approach estate planning in different ways and with varying priorities in mind. Estate planning attorneys will work with their clients according to these priorities if this is what they would prefer, but many people approach professional planners looking for comprehensive solutions. Most would agree that this holistic approach is best because the overarching [...]
When you are being proactive in an effort to make sure that you are totally prepared for all of the eventualities of aging there is a great deal to consider, and a significant financial demand to take into account. Between the period when you retire and the end of your life, you may go through [...]
