Brandon Estate Planning Lawyer

Located in Rankin County in central Mississippi, Brandon has extensive natural beauty. The attorneys at Palmer & Slay, PLLC, have helped many Brandon residents create comprehensive estate plans. Creating an estate plan and preparing for your retirement years can help you protect yourself and your loved ones.

Discuss Your Estate Planning Goals With a Brandon Attorney

At Palmer & Slay, PLLC, we approach each estate planning, probate, and elder law matter with the care and attention our clients deserve. We understand that addressing estate planning matters can be overwhelming. Thinking about what will happen after we’re gone can be difficult, but creating an estate plan is essential. Contact the Brandon estate planning attorneys at Palmer & Slay, PLLC today to learn more about how we can help you prepare for the future. 

The Benefits of Working With an Estate Planning Attorney

Estate planning is one of the best ways to prepare for the future, legally and financially. While estate planning can be complicated, working with an experienced attorney can help you navigate the process smoothly. The estate planning attorneys at Palmer & Slay, PLLC will implement strategies to help you protect your assets from excessive tax liability to leave more of your assets to your loved ones and the charities of your choice.

Every estate plan is unique and requires an individualized approach. We can help you ensure that your loved ones are well provided for according to your goals. Our estate planning attorneys can help you create a business succession plan if you own a business. Doing so will ensure that your business survives and preserves your hard-earned legacy. 

Protect Your Assets WIth a Trust-Based Estate Plans 

In many cases, we’ll be able to help your surviving loved ones avoid the costly and time-consuming probate process. We can help you create one or more strategic trusts to suit your family’s needs. Some of the most well-used trusts include revocable living trusts, marital trusts, trusts for minors, special needs trusts, and even pet trusts. Every kind of trust has a unique purpose. For example, marital trusts help the surviving spouse access assets quickly and seamlessly after the death of a spouse.

Elder Law and Medicaid Planning in Brandon Country

The majority of us will need long-term care in our retirement years. The possibility of facing incapacity can be scary. In addition to preparing for our retirement years, we should also prepare for the possibility that we will need to stay at a long-term care facility at some point. Long-term care facilities have become increasingly expensive. The average cost of a private room in a Mississippi nursing home is $108,405 per year. 

By working with an elder law attorney at Palmer & Slay, PLLC, you can develop a plan for remaining eligible for Medicaid, which pays for long-term nursing care coverage while keeping your assets protected for your beneficiaries. We will carefully evaluate your estate plan and develop strategies to help you protect your assets from predatory lenders, estate taxes, scams, and lawsuits that could reduce your retirement savings. Our attorneys can also help you draft documents that will protect you during end-of-life care, such as your HIPAA release form, living will, Advance Healthcare Directive, and healthcare power of attorney. 

Probate and Administration

During the probate process, a probate judge oversees the distribution of a deceased individual’s estate. When the deceased individual had a valid last will and testament, the terms of the will dictate how the assets will be distributed. When a person dies without a will, the probate court will distribute his or her assets according to Mississippi’s intestate laws. Individuals can appoint a personal representative to oversee the probate process. When the deceased individual didn’t appoint a personal representative, the court can appoint someone. 

If you have been appointed as an administrator or executor after a family member or loved one’s death, you will have legal obligations, called fiduciary duties, with which you must comply. Most people are unfamiliar with these duties and find the process overwhelming. Working with one of the skilled attorneys at Palmer & Slay, PLLC can help you carry out your duties. Perhaps you are a beneficiary or trustee and you’re facing legal challenges. In that case, you will benefit from working with a skilled attorney.

Special Needs Estate Planning Attorney

Families with a relative with a special need face unique estate planning challenges. Those with physical, psychiatric, or cognitive disabilities need to be provided for no matter what the future holds. For parents of children with special needs, providing for their children is often an important goal of estate planning. When parents give a child with special needs all of their assets after their death, the influx of assets could result in the child with special needs losing important government benefits, such as Medicaid, SSI, and/or SSDI.

At Palmer & Slay, PLLC, we can help you create a special needs trust for the purpose of providing for your loved one with special needs. These trusts will allow your loved one with special needs to benefit from your economic resources. However, since your loved one won’t be in control of the assets in the trust, he or she will remain eligible for federal and state benefits. You will appoint someone you trust to be the trustee with the responsibility of managing the trust assets for your loved one’s benefit. 

Contact an Estate Planning Attorney in Brandon, Mississippi

The Brandon estate planning attorneys at Palmer & Slay, PLLC, are prepared to help you with your estate planning needs. Whether you need to create a comprehensive estate plan, update your estate plan after a life change, or need assistance with another legal matter, we are prepared to provide you with excellent legal representation. We will listen to your concerns, answer your questions, and provide you with excellent legal representation. Contact Palmer & Slay, PLLC today to schedule your free initial consultation with one of our skilled attorneys.