A revocable living trust enables the creator to make changes to that trust at any point in time prior to their death. This includes revoking the trust entirely, meaning that it becomes obsolete. There are any different number of reasons why a person may wish to revoke a trust but the most common reasons for [...]
Many Mississippians ask if Medicare prescription drug (Part D) plans can have a coverage gap. The answer is "Yes", it is called the "doughnut hole"--which limits how much Medicare will pay for your drugs until you pay a certain amount out of pocket. Although the gap has gotten much smaller since Medicare Part D was [...]
Planning ahead is a critical aspect of your comprehensive estate planning and it doesn't stop just at the creation and signing of your documents. While creating and signing these documents is certainly a key component of ensuring that your wishes are respected and that you have answered many of the most important questions around the [...]
While you'll create your will while you're still alive, it will be one of your loved ones sorting through your paperwork to find it once you pass away. If you have multiple documents or it's not easy for them to find, it's easy to make mistakes about what the will includes or if it's the [...]
There are many different terms associated with the administration of a trust, a will or an estate. One common example is the term fiduciary. This refers to an individual who has the legal obligation and power to act on behalf of someone else in situations that require honesty, trust and loyalty. Fiduciaries have a legal [...]
If the pandemic taught us anything, it's to be prepared for the unexpected. More people than ever used this opportunity to get on top of their planning. If you went though difficult issues related to your health or experienced this with a loved one in 2020 or 2021, it's a good time to speak with [...]
Many different estate planning tools can be used to help you accomplish your goals and it is recommended that you sit down with a knowledgeable MS estate planning lawyer so that you have clarity over the goals you intend to accomplish and the strategies and tools that may be aligned with them. You might need [...]
An executor can be appointed in someone's will, but this does not obligate them to serve in this role. An executor has the opportunity to decline this chance, and when you are choosing someone as your own executor you should be clear that they want to serve in the role in the first place. You [...]
Your will is the most basic component of your estate plan, but it doesn't cover all your primary needs. In this official legal document, you can state a lot of things about your intentions, such as who you intend to take over as the executor of your estate and who you'd like to have the [...]
If you have a Special Needs Trust in Mississippi, it may be time to give it some attention. Remember how satisfying it was setting up a trust for your child with special needs? You named a trustee and a successor trustee, signed the paperwork, and paid the legal bills, and then you rested easy at [...]
