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Estate Planning Articles
Probate court hearing paperwork beside financial documents and a calculator
Navigating the intricacies of estate planning can be overwhelming, especially when one encounters the term “probate.” For residents in Mississippi, understanding what probate is and, more importantly, how to avoid it, can make a substantial difference in ensuring a smooth transition of assets to heirs. Understanding Probate Probate is the legal process that takes place...
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Estate planning documents including a living will and health care power of attorney
Estate planning is not just about deciding who gets what when you’re gone. It’s a comprehensive process ensuring that your assets are protected, your family’s needs are met, and your wishes are respected during your lifetime and beyond. Here are seven fundamental documents that form the backbone of a sound estate plan: 1. Wills At...
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Nurse showing a tablet to a senior woman in a wheelchair while an older man looks on
As we age, it’s important to plan for the future, especially when it comes to long-term care and medical decisions. Long-term care encompasses a range of services, from assistance with daily activities to specialized medical care, and it’s crucial to have a plan in place to ensure your needs are met. Additionally, advance directives allow...
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Estate Law book beside a Last Will and Testament document and two pens
Estate planning is a crucial process that ensures your assets are protected and distributed according to your wishes after you pass away. However, many people make common mistakes that can have serious consequences for their loved ones. In this blog, we’ll discuss five common mistakes to avoid in estate planning, helping you navigate the process...
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The word Will crossed out above Living Trust on paper beside a pencil and plant
If you’re considering estate planning in Mississippi, it’s essential to understand all of the available options and how they can benefit you and your loved ones. While a will is a common estate planning document, it’s not always the best choice for everyone.  A living trust is an alternative option that offers unique benefits that...
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Probate inventory of estate assets with a house key, model house, and stacked coins
As a Mississippi estate planning law team, we understand that thinking about the future can be overwhelming, but planning for it is essential. One of the most critical elements of planning for the future is ensuring that our loved ones are taken care of after we pass away. This is where the probate process plays...
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Two people reviewing financial documents on a tablet beside a small wooden house and calculator
Individuals with high net worth have several unique considerations to address when it comes to ensuring their estate is handled properly. If you own a high net-worth estate (worth more than $1 million in liquid assets), it’s important to have a coordinated estate plan that protects you and your loved ones and enables the ease...
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Lancaster Law Firm sign at 363 North Green Street outside the firm's Tupelo office
Estate planning is a powerful tool that among other things, enables you to direct exactly how your assets will be handled upon your death or disability. A well-crafted estate plan will ensure you and your family avoid the hassles of guardianship, conservatorship, probate or unpleasant estate tax surprises. Unfortunately, many individuals have fallen victim to...
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Lancaster Law Firm sign at 363 North Green Street outside the firm's Tupelo office
Creating a Will is not a one-time event. You should review your will periodically, to ensure it is up to date, and make necessary changes if your personal situation, or that of your executor or beneficiaries, has changed. There are a number of life-changing events that require your Will to be revised, including: Change in...
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Lancaster Law Firm sign at 363 North Green Street outside the firm's Tupelo office
“I just need a simple will.” It’s a phrase estate planning attorneys hear practically every other day. From the client’s perspective, there’s no reason to do anything complicated, especially if it might lead to higher legal fees. Unfortunately, what may appear to be a “simple” estate is all too often rife with complications that, if...
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