A divorce changes more than your day-to-day life. It reshapes your financial future, your family structure, and the people who will make decisions for you if you can’t. Once the divorce is final, your estate plan deserves immediate attention. Old documents may still name your former spouse in key roles, leaving room...
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Estate planning is about more than deciding who receives your assets; it’s about protecting what you’ve built, reducing taxes, and ensuring your wishes are carried out with minimal legal complications. One of the most powerful tools available for Mississippi families is the irrevocable trust. At Palmer & Slay, PLLC, we help...
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- 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…
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...
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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...
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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.
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...
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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...
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As we approach the mid-year mark of 2025, it’s important to assess one’s personal and family situations to determine if their estate plans are up to date. This is especially the case since new laws and regulations affecting estate plans may have gone into effect since the start of the year. Whether...
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Estate planning serves numerous goals, including determining how to distribute one’s assets after death, protecting wealth from creditors, preparing for potential incapacity, and providing for vulnerable loved ones. However, many people may also consider tax efficiencies during estate planning. An estate plan may focus on minimizing tax liabilities that could cut into...
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