Trust Formed Under Springing POA Void When Condition Not Met
We prepare powers of attorney (POA) for clients all the time. A question on our POA information form asks if they want the authority of their agent to be effective…
Will Invalid Due to Undue Influence of Testator’s Son
The Mississippi Supreme Court affirmed a chancery court’s ruling invalidating a decedent’s will due to lack of authentication, lack of testamentary capacity, and undue influence and setting aside several deeds.…
Health Care Changes in New Big Beautiful Bill
On July 3, the U.S. House of Representatives enacted the president’s massive tax cuts and federal cost-cutting bill known as the One Big Beautiful Bill, and the president signed it…
Why the Social Security Retirement Age Is Now 67, Not 65
Takeaways Full Social Security Retirement Age (FRA) is 67 for those born in 1960 or later, not 65 as it once was, due to legislation adjusting for increased life expectancy.…
When is an Heir not an Heir?
Mississippi inheritance law applies when one dies without a Will or trust. This law provides that the assets and property of the deceased person will descend to his or her…
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 and stress.Professional help can assure that caregiver…
Can Daddy Sign a Will or Power of Attorney
When a spouse or parent has been diagnosed with dementia or some other condition that affects cognition, the family members may conclude (or be told by others) that the person…
Mistake Not Grounds for Higher Social Security Benefits
The Sixth Circuit Court of Appeals affirmed the lower court’s decision denying increased Social Security benefits for a claimant who applied before her full retirement age based on incorrect information.…
Case Shows Importance of Clear Drafting in Joint Revocable Trusts
Roy and Barbara Massie created a joint revocable trust in 2001, of which they were the co-trustees and primary beneficiaries. The trust named each of their respective children as contingent…
Estate Planning: An At-a-Glance Overview
Estate planning, or legacy planning, entails preparing your affairs for the future, including death and other life events. While older adults might give more thought to estate planning, it is…