When planning ahead for your future, a common question that emerges with older adults has to do with Medicaid. This is because the cost of long-term care can be significant and you may need to rely on outside sources like Medicaid in order to afford the services you’ll need if you encounter a long-term care […]

The topic of probate can generate many different questions for people approaching the estate planning process but one of the most common is how can I avoid it. Probate is the legal process in Misssissippi to determine whether a deceased individual’s will is valid and genuine. Probate can also determine who the beneficiaries are when […]

When many people approach the subject of estate planning, it’s quite possible that they will have multiple goals. First of all, they may want to articulate plans for their own belongings when they pass away. Others might want to ensure that their specific wishes related to end-of-life care are clearly outlined in legal documents to […]

You may be one of the many individuals who is putting off the process of planning their estate but it’s important for anyone who is a caregiver for an elderly person or a parent of anyone with disabilities to initiate a head start. Unfortunately, when you’re putting together a will, many individuals will think of […]

President Trump’s campaign platform expected an abolishment of the estate tax. This could lead some individuals to think that they won’t need estate planning in the event that he is able to follow through on his promises. The current estate tax sits at 40% and Trump intends to repeal it. The estate tax laws that […]

Who you choose to serve as the executor of your personal estate is an important selection. It is one that needs to be made with careful planning and after a consultation with your estate planning lawyer. Unfortunately, executors can make mistakes in the management of your estate and this could add to additional frustration or […]

When you fill out important forms with your IRA, 401(k) or your life insurance policy, you may be asked to distinguish between a primary and a contingency or secondary beneficiary. Your primary beneficiary is the individual who is first in line to receive any account assets after you pass away.  The secondary or the contingent […]

A new study conducted by Ameriprise determined that financial discussions within families generally go more smoothly than anticipated, however, there are unclear inheritance expectations that ultimately cause tension or even family drama. Up to 19% of American adults across the United States feel that it is uncomfortable or inappropriate to discuss estate planning with their […]

Your estate planning documents will put together numerous roles where other individuals will step in and have responsibilities on your behalf. One of these is the executor. The executor is responsible for the gathering of information regarding your assets after you pass away, handling all tax responsibilities and then distributing those assets for you. Besides […]

Consulting with an experienced business succession planning attorney is strongly recommended in the event that you have connections to another company. If you want to transfer your business to a successor or if you are getting ready to retire or slow down, it is important to identify the appropriate business succession planning process to make […]