When you create an estate plan, you’re probably starting with a frame of you and your beneficiaries as the core people involved. However, this is not the full scope of everyone involved in your estate planning process. There are four fiduciaries responsible with the entire estate planning process and they are known as an agent, […]

If this is the first time you’ll be sitting down with your estate planning lawyer, there’s no doubt you’ll have some questions about what you need to think about or bring with you to that initial meeting. If your lawyer does not already have a questionnaire prepared for you to fill out in advance of […]

One of the hardest parts of dealing with the loss of a loved is being asked to make decisions and make financial commitments about final arrangements. Unfortunately, however, this is also one of the first decisions that comes up when a loved one passes away. You can minimize the possibility of challenges with this by […]

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 […]