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When someone dies in Mississippi, the property that they owned becomes the property of their estate. They may have selected certain family members or charitable organizations to receive their assets. Unfortunately, their financial obligations also pass to their...
Choosing the executor of your will was possibly one of the most complicated things you did when drafting your estate plan. You may have assessed several parties to find one with the needed qualities. Thus, removing them can be a difficult decision. But what can lead...
There are many types of fraud that can impact an estate plan. One of the most obvious is when someone replaces the official will with a fraudulent document. Perhaps a family member found out they were being disinherited, for example, so they substituted the document...
Do you have a parent or other loved one who doesn’t see the need to have an estate plan – even a will? A lot of people do. If you’ve decided to use part of your time together over the holidays to convince them that they need to put something in place, here are just a...
Transferring assets to loved ones as gifts might seem a viable alternative to achieving your estate planning objectives. After all, it allows you to pass on your estate to loved ones, just like you would with a will. However, gifting your assets can lead to negative...
As technology continues to evolve and become an integral part of our daily lives, it’s increasingly imperative that we have a complete understanding of every place we have left a digital footprint. In today’s world, creating an estate plan for your digital assets is...
As an adult, you often have to juggle various responsibilities. From work commitments to family obligations, life can get busy. However, one crucial matter you should not overlook is discussing Powers of Attorney (POA) with our elderly parents. These legal documents...
Estate planning ensures your assets are distributed according to your wishes after you're gone. While many people are familiar with wills, trusts offer another avenue for estate planning. They can provide more control over your assets, offer greater privacy and may...
Many people believe that estate planning only involves issues relevant to elderly individuals, so they put this vital task off until they are older. However, those with high-risk occupations usually benefit from a plan regardless of age. An untimely work-related...
An estate plan allows a testator to instruct how their estate is handled once they pass away. There’s a lot to understand when making an estate plan. Here’s what you may need to include: Your list of heirs A will typically includes an itemization of assets. It also...
