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Posts Category - Nursing Home Asset Protection

Most Expensive Nursing Home in the US: New Study Shows that Costs Are Rising Quickly

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Many people already know that the cost of nursing home or long term care in their older ages can be extremely high. The average cost of nursing care in a nursing home in the United States can easily go above $70,000 a year, and according to a Georgetown University Medical Center study, this has risen […]

What Happens to Debts After Death With No Estate

Jackson, Mississippi Wills and Estates Lawyer Answers, “What Happens to a Deceased Person’s Debts When They Die?” Mortgages, loans, credit cards, even medical bills…nearly every wills and estates lawyer in the Jackson, Mississippi Metro Area is asked about what happens to a person’s debt when they die. It doesn’t seem quite fair for your descendants […]

Is a Hand Written Will OK?

An interesting article on myjourneytomillions.com explores whether handwritten wills are valid, and whether individuals are better off drafting a handwritten will than they are using a do-it-yourself service like legalzoom, or hiring a lawyer. In Mississippi, a handwritten will, which is called a “holographic will”, is legal as long as it is completely in the […]

Legacy Trusts and Estate Planning: Avoid Double Taxation

Most people can accept the fact that taxes are going to be levied and they simply make out the check dutifully and put the unpleasant matter behind them. But how would it feel if that tax bill kept being presented over and over again? This is the spiral that the estate tax brings with it, […]

How to Find Out if a Will Has Been Changed

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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 existing will includes or if it’s […]

Bankruptcy Asset Protection: Nightmares in Bankruptcy Court

Many people use self-help methods to avoid estate and probate issues. Their goal is to ensure the transfer of assets to family members upon their death. While this method of asset transfer will save you attorneys fees, it could be costly in the long run if one of your family members runs into financial trouble, […]

Mastering the Affidavit of Heirship: Essential Tips & Advice

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An affidavit of heirship is a legal document used to identify heirs of a deceased person who died without a will. It’s essential for transferring property without going through a lengthy probate process. This article will help you understand the affidavit of heirship, how to prepare one, and common mistakes to avoid, making estate management […]

Mississippi Inheritance Laws: Essential Guide for 2024

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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 […]

Lessons from Prince’s Estate: Jackson, Mississippi Trust Lawyer on Avoiding Family Drama When Planning Your Legacy

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 […]

Top Strategies on How to Avoid Probate in Mississippi

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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 […]

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