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Gerber Law

Questions? Call Us (228) 374-2313

Estate Planning

When Considering an Estate Plan, Where should I start?

Most of us want our property and assets to go to our loved ones upon our death. When you pass away, the state you reside in will use its intestate succession rules to determine who inherits from you if you don't include your desired heirs in your will. This may not be a concern for some individuals, but it is for others. If you have no biological or adoptive relatives still living, your friends and favorite organizations won't get anything through intestate succession. You may also need a will if you have a child with a gambling addiction who you'd ...

April 15, 2022|Estate Planning|

How To Protect Your Assets In The Event Of An Unplanned Death

No one likes to think about death, but the fact is that it's a part of life. And if you don't take steps to protect your assets in the event of an unplanned death, your loved ones could be left struggling financially. The good news is that there are things you can do to help ensure your estate is handled smoothly. One of the most important is to start by assessing your current financial and personal situation. Take a close look at where your assets are invested, the number of heirs you have, and whether you have a will in ...

March 25, 2022|Estate Planning|

How Does Mississippi Probate Work?

When a person dies in Mississippi, probate is the legal process through which a deceased's assets are collected, identified, valued, and distributed to creditors and/or their heirs. Generally speaking, probate involves the appointment of an executor or administrator by the local Chancery Court who is responsible for collecting all probate assets owned by your loved one at death. Mississippi man signing a last will and testament document. What is a Probate Asset? In Mississippi, probate assets include all real and/or personal property which you own at death that does not pass to your heirs or beneficiaries by operation ...

February 8, 2022|Estate Planning, Probate Law|

Estate Planning and the New Tax Law

Estate Planning Tax Law The new tax law promises many sweeping changes including a decrease in taxes for most Americans. It is also going to make changes in estate taxes which may have some people worried as they have made plans based on an old law. One step that many have taken in the past to reduce estate taxes might be a problem due to the nature of that strategy.  That strategy is the irrevocable life insurance trust. Irrevocably rearranging this type of trust to mesh with a new law will be impossible. However, in most cases, that still won’t ...

March 10, 2018|Estate Planning|

It’s Time to Review Your Wills, Trusts & Other Estate Planning Documents

Estate Plan Review Estate planning is an important process that should be reviewed periodically. Wills, trusts, and other documents should be reviewed at least annually. This allows you to ensure that your plans are still in line with your wishes and makes any necessary changes. It is also a good time to review beneficiaries. Have you done your annual estate planning review? When reviewing estate plans, individuals should consider these questions Do the provisions still accomplish your goals? Have your documents been updated to take advantage of changes to tax laws? Do your documents contain provisions that provide asset protection ...

February 1, 2018|Estate Planning|

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