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What Are Mississippi’s Intestate Succession Laws?

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Did you know that if you pass away without a will in the state of Mississippi, that the state is responsible for passing on your property that would have otherwise gone through your will? This is known as Mississippi’s laws of intestacy or intestate succession.  These laws can also apply to a person who does […]

New Estate Tax Amounts Announced for 2020

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The IRS has authority on the estate tax and gift tax amounts that affect individuals and families and recently announced changes to the estate tax amount for 2020.  If your estate plan requires an update or if you’d like to adjust your giving strategy in 2020, now is the right time to speak with an […]

Three Tips to Make Business Succession Planning a Breeze

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No entrepreneur wants to think about a future in which they are not involved in their business without that being their own choice. It’s smart to hope for the best and prepare for the worst but recent studies have shown that far too many entrepreneurs and business owners are hoping and preparing for the best […]

Where Should I Keep My Will?

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  If you already created your own will without the help of an attorney, it’s still a good idea to have a lawyer review your document to ensure it’s in line with state laws. While a DIY will might seem like the easier route to go, the costs associated with making a mistake on a […]

When to Begin Asset Protection Planning

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Are you concerned about your assets being exposed to risks? Worried that your personal assets could be tapped through a lawsuit or through a creditor looking to close on a debt?  The best time to begin asset protection planning is long before any of these threats is on the immediate horizon. Every state has laws […]

Are You Living in One of the Most Expensive States for Long Term Care?

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Long term care costs could decimate your retirement planning if you don’t work out a plan to qualify for Medicaid in advance. Talking to an estate planning lawyer can help put you on the right path so that you or your spouse can tap into Medicaid sooner rather than later.  Many people don’t realize the […]

Your Estate: Don’t Assume it Will All Be Figured Out

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The topic of completing your will might give you some nerves because you don’t want to think about when you’re no longer around or because the process overwhelms you and you don’t know where to start. Too many people make this costly mistake of assuming that things will be figured out by their relatives or […]

What Should You Consider When Passing On a Big Inheritance?

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Even though receiving inheritance might seem like a welcome windfall for people in your family, there are some setbacks associated with receiving a substantial inheritance.  Every year it’s estimated that over 1.7 million American households receive some form of an inheritance. However, within just a couple of years following that windfall, nearly three-quarters of beneficiaries […]

What Should Busy Doctors Consider with an Asset Protection Plan?

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Having the best financial practices in place is important for new and experienced physicians. Doctors are unique due to the significant amount of time they spend in undergraduate college and medical school, and residency.  It can be difficult to keep up with all of the various aspects of running a business as a doctor and […]

Estate Planning Goes Beyond the Will for Veterans

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It’s that time of year to celebrate the season and enjoy opportunities with your family. This is also a good time, however, to sit down with your estate planning lawyer to discuss your powers of attorney, trusts, wills, and other estate planning documents.  Bigger Than Basics- Estate Tips for Those Who Served These foundational documents […]

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