Navigating Mississippi inheritance laws is essential for both estate planning and managing a loved one’s estate. Beneficiaries do not have to pay taxes on inherited assets in Mississippi. This guide explains the absence of state inheritance taxes, the process for validating a will, and the rules for distributing assets if there is no will. Although [...]
Even iconic artists like Prince can encounter estate planning challenges. As a devoted fan of many musical legends, I was surprised as a Jackson, MS trust lawyer to learn that Prince passed away without a trust or will. Sadly, the resulting legal battles within his estate continue to make headlines. Let's delve into the situation [...]
Want to avoid probate in Mississippi? This guide will show you how to avoid probate in Mississippi and ensure your assets go directly to your heirs without the delays and costs of probate. We’ll cover methods like setting up revocable living trusts, jointly owning property, and other practical tips. Read on to learn reliable strategies [...]
Wondering if you qualify for Mississippi Medicaid eligibility? This comprehensive guide will walk you through the specific eligibility criteria, including income limits, household size, and special programs designed to help you get the coverage you need. Key Takeaways Eligibility for Mississippi Medicaid is primarily determined by income limits based on the Federal Poverty Level, which [...]
It should come as no surprise that Mississippi, the poorest state in the union, also has the fewest millionaires in the country. See recent report on the top and bottom ten states here. Excerpt from report is below: James Duff and Thomas Duff are prominent figures on the Forbes 'Richest People in America' list. Their [...]
Anna Nicole Smith has become a household name. But that was not always the case. She was born as Vickie Lynn Hogan and grew up about 80 miles south of Dallas, Texas. She was raised by her mother and, at age 17, she married Billy Smith, age 16, a cook at the restaurant where she [...]
No one wants to think of the possibility of Mississippi Medicaid taking your house after you pass away, but without long-term planning, that becomes a definite possibility. One of the most frequently asked questions Mississippi elder lawyers receive is, “When should we start planning for long-term care?” The short answer is, “Long before you need [...]
A testate estate means the deceased left a valid will outlining asset distribution. This article explains what a testate estate is, why a will is important, and how it simplifies distributing assets. Key Takeaways A testate estate indicates that the deceased left a valid will, facilitating structured asset distribution per their wishes, while an intestate [...]
Estate administration services help manage the distribution of assets and settlement of debts after someone dies. They ensure everything is handled legally and according to the deceased’s wishes, navigating the complex legal process involved. In this article, you’ll learn about the key steps, roles, and important considerations in the estate administration process. Key Takeaways Estate [...]
Probate is the court-supervised process of managing and distributing a deceased person’s estate. It ensures that debts are paid and assets are given to rightful beneficiaries, either according to the will or state laws if no will exists. Key Takeaways Probate is the legal process for distributing a deceased person’s estate, ensuring debts are settled [...]
