Category Archives: Estate Planning

Palmer & Slay, PLLC discusses whether or not gifting is important under the current tax law.

Is End Of The Year Gifting Still Important Under the Current Tax Law?

When Congress tinkered with the tax law back in 2017, one of the things it changed was the amount of money an individual can pass on at their death without being taxed on it. The basic exemption was increased and indexed to inflation. In 2019, an individual may pass $11.4 million tax-free.  This has many […]

  • Posted on: Nov 25 2019
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Palmer & Slay, PLLC discusses why you shouldn't wait to create your estate plan.

The Waiting Is the Hardest Part

The proliferation of instant replay has brought sporting events into the digital era. It’s supposed to make officiating more accurate, but it also makes games longer and takes some of the thrill out of the crowd. The sound techs try to pump everyone up by playing “The Waiting” by Tom Petty, but the song is […]

  • Posted on: Oct 14 2019
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Palmer & Slay, PLLC discusses the best ways to estate plan for today's modern families.

Estate Planning for Today’s Families

What are the unique estate planning needs of non-traditional families? Today, the majority of families no longer consist of the traditional heterosexual married couple with 2.5 children. Far from the Cleavers, families today look more like the popular TV show “Modern Family,” which features a same-sex couple, second marriages, and adopted children. Americans who are […]

  • Posted on: Oct 9 2019
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Palmer & Slay, PLLC discusses how you can become a guardian for an elderly loved one.

Becoming a Guardian for an Elderly Loved One

What Is the Role of a Guardian in Mississippi? As more Americans are living longer, the number of seniors who will eventually become unable to care for themselves is increasing.  If you have a loved one who is struggling to manage their affairs, whether it is due to dementia or advanced age, you may wish […]

  • Posted on: Aug 23 2019
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Palmer & Slay discusses how Aretha Franklin's family found her will under a couch cushion.

Aretha Franklin’s Family Finds Mysterious Will Under A Couch Cushion

Aretha Franklin was a diva. She demanded an upfront payment in cash before she would perform. She would walk off the stage if she thought the room she was singing in felt air-conditioned. And as we previously blogged, her funeral lasted several hours and included multiple changes of clothes and 100 pink Cadillacs.   She […]

  • Posted on: Jul 30 2019
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Questions to Ask Yourself before Beginning the Estate Planning Process

Before beginning the estate planning process in Mississippi, there are several questions you should ask yourself, including: What should I put in my will? Who will act as my children’s guardian?  Who will be the executor of my estate? Do I need a power of attorney? Should I establish a trust for my children? If […]

  • Posted on: Jun 28 2019
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What is a Pet Trust?

Many pet owners view their pets as a part of the family, which is why they often worry about how their pets will be cared for after their passing. Given this concern, it is common for pets to factor into the estate planning process in Mississippi. An excellent way to ensure that a pet will […]

  • Posted on: May 16 2019
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Estate Planning Considerations for Seniors with Young Children

Nowadays, it’s not uncommon for seniors to raise young children. There are a number of reasons for this. For example, many people today have kids later in life, resulting in situations in which individuals approaching retirement age still have children they must take care of. Also, many seniors raise their grandchildren when their own children […]

  • Posted on: Apr 25 2019
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Do I Need A Gun Trust?

Does your family own guns? In other parts of the country this might be a loaded question, but in our neck of the woods the answer is likely “yes, of course.” Sport shooting and hunting are a way of life in Mississippi, and guns are often treasured possessions that are passed on from one generation […]

  • Posted on: Mar 15 2019
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