Avoid Probate with New Beneficiary Deed
In Mississippi, the only way to keep real property from going through some form of probate at the owner’s death was to place the land in a trust or put…
What if Social Security Funds Ran Out
What if Social Security Funds Ran Out – New Report Last week, the Congressional Research Service issued a report, “Social Security: What Would Happen If the Trust Funds Ran Out?” …
Four Principles of Long Term Care
FOUR PRINCIPLES OF LONG TERM CARE PLANNING There are four principles that apply to long-term care planning: Knowledge is the key to success.Professional help is crucial in saving time, money…
Reasons People Should File a 2019 Tax Return
While many people are required to file a tax return, it's a good idea for everyone to determine if they should file. Some people with low income are not required…
IRS Allows Retirement Account Rollover Relief for 2020 Required Minimum Distributions
The Internal Revenue Service has announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds…
What is a Power of Appointment?
Assets are often placed in a trust to protect those assets from the beneficiary’s creditors, potential divorce, substance abuse or gambling problems, or just the inability to manage money. While…
How Will COVID-19 Affect Social Security?
Shelter-in-place has some Americans joking we may see the country’s next baby boom in nine months, but experts say it will likely be the opposite — and that’s not good…
Mortality, True Love, Free Will Can Affect Assets Disposition
Can shared difficulties bring couples together in love? Apparently so. A recent Mississippi court case revealed how the combining of finances in marriage – even a short-term, end of life…
Those Who Fail to Plan Plan to Fail
My pastor of years ago would often remind us that failing to get our spiritual salvation in order could be an eternal mistake with tragic consequences. He would state the…
Government Relaxes Retirement Plan Withdrawals, Tax Filing During Virus Pandemic
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“the Act”). This Act set the framework for a variety of forms…
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