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When did you last make your estate plans? It may be so long ago that you can’t even put a date on it. If you can’t remember when you made your estate plan, that may be your first sign that your plans are out of date. Estate planning is a life-long process. It’s often...
It’s often important to ask questions when planning your estate. This way you know how you wish to plan out your estate in anticipation of your passing. Here are a few questions you may need to ask yourself: 1. When should I draft my will? One of the first questions...
Estate planning is a complex legal matter. Because of its complexity, many people misunderstand certain aspects of the process. If you’re considering making an estate plan, you need to be sure you aren’t misinformed about the following issues. Myth #1: You must be...
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...
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...
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...
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...
Probate is the legal process of administering and settling an individual's estate after their death. It entails taking inventory of the estate, paying outstanding debts and distributing assets to their respective beneficiaries as the will stipulates. Unfortunately,...
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...
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:...
