In Mississippi, you have to be at least 16 years and 6 months old to apply for a driver's license. If you want to sign a contract or buy a pack of cigarettes, you have to be 18. But you aren’t considered an adult in the eyes of the law until you...
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If you are a long-time reader of this blog, you have probably noticed that we often emphasize gifting as a great way to avoid estate taxes. Federal law includes an annual gift tax exclusion, which allows an individual to pass up to $16,000 per person, to as many individuals as one would...
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Benjamin Franklin once quipped that “...in this world, nothing can be said to be certain, except death and taxes.” He was being witty, but his wisecrack contains some real wisdom. Paying taxes is an often unexpected part of managing a loved one’s estate.
Most estate administrators will not...
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Americans are some of the most generous people in the world. According to the Philanthropy Roundtable, “Six out of ten U.S. households donate to charity in a given year, and the typical household’s annual gifts add up to between two and three thousand dollars. This is different from the patterns in...
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Many Brandon, Mississippi area business owners tell the Palmer & Slay team that succession planning isn’t something they can afford to worry about right now. We have talked to lots of small business owners who are so busy building their businesses they don't feel like they can take time out to think...
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When you walk out of Palmer & Slay’s Brandon, MS office after executing your estate plan, you will be carrying a relatively thick stack of papers with you. Our typical clients take home the original signed version of their will, power of attorney documents, and trust documents, as well as copies...
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2021 is a year that many of us will be happy to put behind us, but there are a few things you should be sure to cross off your to-do list before turning the calendar to January. One of them is checking in with your estate planning attorney.
Although music legend David Bowie died in January 2016, two days after his 69th birthday, his legacy lives on. In celebration of what would have been the artist’s 75th birthday, his estate is releasing a host of curated items and experiences. It is a unique move that hints at the future...
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During the pandemic, when everyone was spending more time at home than usual, many people rediscovered or picked up a new hobby. Some people baked bread. Others learned a language. More than a few people started trading baseball cards.
While many have given up their sourdough starter, baseball cards...
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If you have ever seen a movie or tv show where a family gathers to hear an attorney read a deceased loved one’s will aloud, you know what the Hollywood version of estate administration looks like. In reality, there is no dramatic family gathering in a black-draped parlor where family secrets are...
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