Court Confirms that Joint Ownership Trumps a Will
In 1988, Robert Ehrhardt, Sr. and his wife, Julia, purchased a home as “joint tenants with full rights of survivorship, and not as tenants in common.” In 2000, Robert Sr.…
When is a Lease a Will?
Rose Greer leased land to David and Jene Nunnery. Section 3 of the lease - which extended until July 31, 2025, in automatically renewing one year terms - stated: In…
When a Court Can Undo Joint Ownership
When a widowed parent begins to lose the ability to care for himself, children may move in and take over the management of the parent’s finances. In some cases, the…
How Do Annuities Compare to Social Security?
Are you hoping to retire one day with enough income to live comfortably in your golden years? Where will that income come from when you finally quit working? Social Security…
Divorce May Not Revoke Your Old Will
A recent Mississippi Court of Appeals decision (Chaney v. Chaney, No. 2015-CA-01613-COA, https://courts.ms.gov/Images/Opinions/CO120771.pdf) points out that a divorce by itself will not revoke one of the spouse’s earlier will. Facts:…
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