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Mississippi Elder Law Firm: Business and Estate Attorneys on Finding the Off Ramp for Your Business Ownership

No Comments Blog, Business Planning

Business plans often address marketing, growth, and product development issues. However, business owners fail to create an exit strategy, succession plan, or acquisition plan. Although you’re not ready to sell your business or retire now, preparing for the future of your business is crucial. You should decide who to leave your business to when you […]

Clinton Estate Planning Lawyer on How to Make a Charitable Bequest with an IRA

charitable giving through IRA
No Comments Blog, Estate Planning

You can donate retirement accounts, such as an IRA, by distributing the proceeds to charity. However, the tax benefits for donating this way are minimal. A tax-efficient donation strategy is to contribute your retirement fund directly to a charitable organization as part of your estate plan. Options for Donating an IRA The two primary options […]

Pros and Cons of a Medicaid Asset Protection Trust

A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care. A MAPT is an irrevocable trust created during your lifetime. The primary goal of a MAPT is to transfer assets to it so that Medicaid will not count these assets […]

Mississippi Elder Law Firm: Why Probate Takes So Long…

No Comments Wills and Estates

The probate process in Mississippi is the legal process by which a person’s assets are identified, valued, and distributed after they pass away. It is the responsibility of the personal representative, also known as the executor, to manage the probate process and ensure that the deceased’s wishes are carried out. There are two types of […]

Celebrity Estate Plans

Estate planning is an important process for everyone, regardless of their age or financial situation. It involves making decisions about how you want your assets to be managed and distributed after your death, and it can help to protect your loved ones and ensure that your wishes are carried out. High-profile celebrities, with their significant […]

When Does Medicaid Cover Nursing Home Care?

Medicaid is a government-funded healthcare program that provides financial assistance to low-income individuals and families in need of medical coverage. In Mississippi, Medicaid covers a variety of healthcare services, including nursing home care. In order to qualify for Medicaid coverage of nursing home care in Mississippi, an individual must meet certain eligibility requirements. These requirements […]

Elder Law Firm: What Do We Do?

planning law lawyers argument
No Comments Uncategorized

Elder law is a specialized area of the legal profession that focuses on issues and challenges faced by older individuals and their families. Elder law attorneys provide a wide range of legal services to help seniors and their families navigate the complex legal and financial issues that arise as they age. Some of the services […]

Millionaires in Mississippi

Mississippi is a state known for its rich history and cultural heritage, but did you know that it is also home to a significant number of millionaires? According to data from the Internal Revenue Service, there are over 10,000 individuals in Mississippi who earn over $1 million in annual income. For these high net worth […]

Mississippi: Is Long-Term Care Insurance the Only Way?

Long-term care planning is an important aspect of overall financial and healthcare planning for many individuals and families. As we age, the likelihood of needing long-term care, such as nursing home care, increases. While no one wants to think about the possibility of needing extended care, it is essential to plan for it in case […]

Would a Personal Asset Trust Benefit Me?

A personal asset trust is a legal arrangement that allows you to transfer ownership of your personal assets to a trust, which is managed by a trustee. This can be a useful way to protect your assets and ensure that they are distributed according to your wishes after you die. In Mississippi, personal asset trusts […]

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