- Key Takeaways
- A life estate deed lets you transfer ownership of your property to heirs now while retaining the right to live there for the rest of your life.
- When... Continue reading…
Determination of Heirship in Mississippi
- Key Takeaways
- When someone dies without a will in Mississippi, a formal court process called a determination of heirship can establish who the legal heirs are and allow assets to be transferred.
Updating Your Estate Plan After Purchasing a Home in Mississippi
Buying a home is one of life’s most exciting milestones. It’s also one of the largest financial investments most families will ever make. At Palmer & Slay, PLLC, we regularly remind our clients in Brandon and Rankin County that purchasing real estate isn’t just about closing day—it’s also about making sure...
Continue reading…How to Fund a Living Trust
Creating a living trust is a crucial step in protecting your assets and avoiding probate — but the trust won’t be effective unless it’s properly funded. At Palmer & Slay, PLLC, we help clients in Brandon and throughout Rankin County understand exactly how to transfer their property into a trust so...
Continue reading…Can Medicaid Take Your House for Nursing Home Care?
- Key Takeaways
- Medicaid generally won't take your home while you're alive, but Mississippi's Estate Recovery Program can file a claim against it after you pass away to recoup nursing home costs.
Six Tips for Choosing Your Beneficiaries
Choosing who will receive your assets after you’re gone is one of the most personal parts of estate planning. While it might seem as simple as naming a few loved ones, there’s a lot to think about, both emotionally and legally. At Palmer & Slay, PLLC, we’ve helped many families in Mississippi...
Continue reading…Starting an Estate Plan Before Marriage
Getting married marks the start of an exciting new chapter. While much of your attention may be on planning the big day, it's also a good time to think about your future—financially, legally, and personally. One of the smartest moves you can make is to begin your estate planning before the wedding.
Why Should I Create a Testamentary Trust?
Estate planning involves a multitude of legal instruments that help individuals prepare for and plan their legacies. Trusts are a major component of a comprehensive estate plan, and they fall into two categories: inter vivos trusts (which are created and exist during a grantor’s lifetime) and a testamentary trust (created as part...
Continue reading…5 Benefits of Hiring a Local Estate Planning Attorney
Whether you are just now considering putting together your estate plan, or it’s been a while since you made yours and you need to review and update it, you have plenty of options. From law firms to websites and even customizable forms you can download, there is no shortage of individuals and...
Continue reading…Who Should Be the Trustee of a Special Needs Trust?
Special needs trusts, also called supplemental needs trusts, provide support for beneficiaries in Mississippi who have disabilities and other functional limitations, while also preserving their eligibility for government programs. As with any trust, one of the most important considerations in creating a special needs trust is who will serve as its trustee...
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If you encounter any issues while using this site, please contact us: 601.724.1870