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Posts Category - Taxes

Clinton Elder Law Attorneys: Financial Strategies for Caring for Aging Loved Ones

As our family members age, taking care of their financial and medical needs becomes increasingly important. Having conversations about the realities of aging early on can help ease the emotional stress that comes with it – providing a cushion for both you and your loved ones in case any conditions like dementia set in quickly […]

Clinton Estate Lawyers on Carrying Healthcare Documents and Communicating Your Wishes to Emergency Personnel

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In the event of a medical emergency, it’s crucial to have your healthcare documents readily accessible and ensure that your treatment preferences are known to emergency personnel. Our Clinton estate lawyers have put together this article to discuss the benefits of carrying your directives with you and offer tips on effectively communicating your wishes to […]

Elder Lawyer Answers: The Consequences of Not Paying Your Property Taxes

When Geraldine Tyler, age 94, relocated to a senior community, she stopped paying property taxes on her home. After the property was foreclosed on, the county where Tyler’s home was located sold the property for $40,000 to recover about $15,000 in unpaid property taxes. Tyler received none of the remaining profits from the sale. In […]

Asset Protection Attorney: Is “Aging in Place” Right for Me?

Most older adults want to remain in their homes and communities as they age rather than move into assisted living facilities or nursing homes. For those who wish to maintain their independence and continue living at home as they grow older, taking certain steps to protect their physical, mental, and financial welfare is essential. What […]

Special Needs Attorney Answers: Supplemental Security Income (SSI) for Children With Autism

In 2022, the cost of raising a child in the U.S. to age 17 was roughly $17,000 per year. For families of children with disabilities, that estimate runs far higher. The costs of such necessities as health interventions and behavioral therapies, assistive technology, medications, child care, and sensory-friendly items can mean parents raising a child […]

Elder Law Attorney Answers: When Does Someone Need Financial Guardianship?

No Comments Blog, Incapacity Planning

When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money. Depending on the jurisdiction, financial guardianship may also be called guardianship of the estate or conservatorship. In cases where individuals need help with personal and financial decisions, the court can order guardianship of the person […]

Jackson, Mississippi Will Lawyer on What to Know When Leaving an Inheritance to a Child Struggling with Substance Abuse

No Comments Blog, Estate Planning

As a Mississippi will lawyer, I’ve seen firsthand how substance abuse can impact families, leaving parents heartbroken and unsure of how to protect their loved ones while preserving their legacy. In my experience, many parents want to leave an equal inheritance to all their children, but when one child is struggling with addiction, it can […]

Clinton, Mississippi Elder Law Attorneys Answer, “Can the Nursing Home Take Mom’s Life Insurance?”

If you have a parent in a nursing home, you’re likely facing a lot of difficult decisions and stressful situations. It’s natural to feel overwhelmed, but it’s important to remember that you have options and resources available to you. One question that often comes up is whether the nursing home can take a loved one’s […]

Prepared in 2023: Reassess What Matters Most in Elder Care

If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us. Estate planning allows you to reflect on your family, your priorities, and what actions you can take now to secure your […]

Don’t Wait Until You’re Sick to Create an Estate Plan

In the wake of the pandemic, rising inflation, mass shooting tragedies, and other events, more people recognize that they need to plan for the future. Yet while financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan. According to a new study […]

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