Being appointed as a trustee of a trust has important ramifications for not just the trustee but also for other family members who are entitled to receive distributions from the trust. Trustees have to be able to account for all of their actions as well as providing regular accounting to beneficiaries. At a minimum level […]

Using a financial power of attorney is one way to ensure that there’s someone else to step in and manage your assets if you become unable to do so but be aware of not just the state’s rules about creating a power of attorney but your own financial institution’s policies around this. Financial institutions can […]

Having a secure retirement and financial options available to you in your older years can give you a lot of peace of mind and something to look forward to. Most people are already aware that Americas are in the middle of a retirement crisis but some older individuals who have planned properly are benefitting from […]

When you’ve done your estate planning homework, you’ve laid a roadmap for your loved ones to take action quickly if and when something happens to you. This can ease a lot of concerns in the most difficult moments of their grief but it’s important for you to think about how all of your estate planning […]

In Mississippi, Limited Liability Companies (LLCs) are an important tool for small business owners, but they can also be useful in estate planning. An LLC can help you pass assets to your children while avoiding gift and estate taxes.  An LLC is somewhere between a partnership and a corporation. Like a corporation, LLC owners are […]

You can create a general power of attorney which enables your financial power of attorney agent to make most decisions and financial transactions on your behalf or you might choose to name specific circumstances instead. Your individual considerations and concerns will come into play when consulting with an estate planning attorney about this important decision.  […]

Are your financial plans tied to your spouse’s? If you’ve been married a long time, it’s impossible to ignore the possibility that your plans rely on the joint financial strategies or savings you’ve accumulated together. Which makes it that much harder to pivot if you get a divorce in your older years.  There are unique […]

Some individuals or families wish to leave behind a significant donation at the time that they pass away. A charitable remainder trust is one estate planning tool to help you do this. You’ll want to consult with an estate planning lawyer to decide whether or not this is the right instrument for you. There are […]

Creating an estate plan requires a holistic view of what you intend to accomplish and will require your consideration and thought. It is usually best done with the help of an experienced estate planning lawyer when you start the process. One of the first things you will do is to create an overview or a […]

Creating your own will is a common interest for many people who have had this on their to-do list for some time and are concerned about how to best protect their interests and cross this off their checklist. Creating a DIY will is an alternative to hiring an experienced lawyer but it also comes with […]