Mississippi Estate Planning Attorneys Prepare Clients for a Sound Financial Future
Careful estate planning, including wills and trusts, gives you peace of mind
Although it is a topic no one really enjoys discussing, every responsible adult must address estate planning at some point. Creating a will or trust and planning for your healthcare needs as you grow older is something that will give you great peace of mind once it is complete. You do not have to be wealthy to create an estate plan. The attorneys at the law firm of Cumbest, Cumbest, Hunter & McCormick work with you to create a plan that meets your needs and reflects your wishes for yourself and your heirs.
Estate planning services in Mississippi
Getting your financial affairs in order now can help your loved ones face the challenge of sorting them out after you are gone. We are here to guide you every step of the way, to do the planning and prepare the documents that make up your estate plan. These documents and financial instruments will communicate your wishes regarding how your wealth will be distributed after your passing.
The following are the estate planning services we provide:
- Wills: If a Mississippi resident passes away without a will, the probate court distributes the person’s assets according to a default system called the laws of intestacy. If you are married, have minor children and own property, drafting a will is the first step toward expressing how you would like your assets to be divided after you are gone.
- Trusts: We have the experience to guide you through the process of drafting the appropriate trusts for your needs. A properly executed trust can protect your family from probate proceedings and limit the tax liability of your estate.
- Probate: In Mississippi, the probate court is referred to as the chancery court. We can guide you through the process of opening, administering and closing the estate. We can also provide you with planning options that will help you avoid probate.
- Estate litigation: When a dispute arises among heirs, such as a will contest or allegations of breach of fiduciary duties, we work with the parties to reach a settlement or bring your estate litigation matter before a judge if necessary.
- Power of attorney: A power of attorney names someone you trust to manage your healthcare or financial decisions if you should get to a point where you cannot manage these things for yourself.
- Guardianship and conservatorship: Guardianship is the legal right given to one adult to become responsible for another adult who is unable to make personal decisions. A conservatorship is the legal right to have responsibility for the finances of a person who is incapable of handling those decisions. A judge can appoint a guardian or conservator if a person is no longer able to make these decisions and did not appoint a power of attorney. Although they are two different functions, a guardian and conservator can be the same person, and the court may assign these roles at the same time.
Support for healthcare planning for yourself and those in your care
An advance healthcare directive is a document that you create to communicate your instructions about your own healthcare. It is a living will and a healthcare power of attorney combined into one document. It also allows you to appoint someone to make healthcare decisions for you if you become incapacitated and are unable to speak for yourself.
The experienced attorneys at Cumbest, Cumbest, Hunter & McCormick know the Mississippi state laws regarding wills, trusts and estate planning. We can give you valuable advice about protecting your property and other assets, and your loved ones, from public scrutiny, probate and unnecessary taxes.
Contact a trusted Mississippi estate planning law firm that helps you live for today and plan for tomorrow
At the law firm of Cumbest, Cumbest, Hunter & McCormick, we understand how much you value your legacy. With our estate planning services, you can put your mind at ease about financial matters and healthcare arrangements for the future. Contact us online, or call us today at 866-461-1591 and schedule a confidential consultation to discuss your case.