If you pass away with a will, the individual you designated as the executor will steer your estate through the probate process per Mississippi probate laws. If you died without a will, or if your will is invalidated, the probate court would appoint someone to perform...
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Estate Planning
Estate planning misconceptions you shouldn’t fall for
Estate planning is essential to financial wellness, yet it's often misunderstood due to various misconceptions. These myths can deter individuals from taking the necessary steps to secure their financial future and those of their loved ones. Regardless of the size of...
Why to have estate planning conversations with potential heirs
You are not required to discuss your estate planning with anyone else. You don't have to talk to your heirs, even if they're going to inherit assets from you. Many people will do this entirely on their own, thinking of it as a rather private process. That's fine if...
Estate planning considerations if you own intellectual property
Intellectual property (IP) is a concise way of referring to intangible assets or property arising out of a creative process. It can be a secret cookie recipe that made your bakery famous or a patented invention your company produced. Those who own IP may pass the...
What is a power of attorney?
Most of what you do to your estate plans will focus on asset distribution. You’ll likely name beneficiaries to inherit some or all of your assets. Furthermore, you’ll name an executor of the estate to handle will validation, asset distribution and contracting...
Debunking misconceptions about estate planning
Estate planning allows you to plan the distribution of your estate after you pass away. Unfortunately, you may find information online that may confuse you when making an estate plan. Here’s what you should understand: Debunking common estate planning myths Myth 1:...
How can you protect your interests during probate?
If your loved one left a will, it must pass through probate before the estate is distributed to the beneficiaries. A lot happens during this court-controlled process, from validating the will and appraising estate assets to clearing outstanding dues such as taxes or...
Addressing business succession in your estate plan: 2 benefits
The businesses you own are part of your overall estate, yet some tend to keep business matters separate from other issues, even in their estate plans. It makes more sense to address business succession in your estate plan since your company is an asset. Bundling...
How can I reduce the cost of probate?
If you have worked hard your entire life and acquired a fortune, you want to pass down as much of it as possible to the people and causes you care about when you die. This is where estate planning comes in. With a valid will, you can articulate your wishes on how you...
Answering your estate planning questions
Estate planning isn’t a complicated process, but it does include a ton of decisions to make. If it’s your first time making an estate plan then it's only reasonable to assume that you have many questions – as do many others. The following are 4 common questions about...