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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When a loved one passes away without a valid will, families are often left facing difficult questions about who inherits what. At Palmer & Slay, we understand how overwhelming this process can feel. One of the key legal tools used in these situations is the determination of heirship—a formal court process...
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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...
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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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Planning for a child’s future often means more than setting aside money in a savings account. Whether you’re a parent, grandparent, or other loved one, you may want to leave assets to a minor, but handing them a lump sum isn’t an option. That’s where a trust comes in. While a minor...
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Popular singer-songwriter Jimmy Buffett died in 2023. Many people were curious about how much Buffett might have been worth, but the news about his estate plan provided very little information. What we do know, however, is that Buffett’s estate relied heavily upon trusts. And while it’s no secret that wealthy and famous...
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Losing a loved one brings emotional challenges, and handling their estate can add to the stress. If you’ve been named as an executor, you may be wondering how to begin managing their affairs. Letters Testamentary provide the legal authority to carry out this responsibility, allowing you to settle debts, manage assets, and...
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If you hear the words “offshore trust” and the first thing that comes to mind is that scene in The Wolf of Wall Street where the stockbrokers are taping cash to the body of their drug dealer’s wife because she has a Swiss passport, you are not alone. A lot of...
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Having estate planning goals that match your spouse is a good thing. Couples need to be on the same page when it comes to selecting a guardian for minor children, handling end of life care, and sharing their wealth with family members.
But there is a point where...
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Most people in the state of Mississippi craft their estate plan with their spouse in mind. Your partner is typically your biggest beneficiary, your estate administrator, and the person you give power of attorney to. This is one of the reasons why it is so important to update your estate...
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