My mother is in a Alzheimer facility. She just sold her house. My sister wants to put the funds into a bank trust account...

Generally, your mother would have to be the one to establish a trust. She would have to have the mental capacity to do so. In Mississippi, a...

It depends on whether or not the individual was acting in a business or personal capacity and if business, whether you can pierce the veil of any...

Can I sign a contract before a business is registered?

The protections of liability protection created by forming an entity may not be available unless certain indemnities are put in place. Another...

A revocable trust vs a beneficiary form

This will depend on your state's law. Although presumably the assets would pass directly due to the forms, some states have laws or case law in...

Can I just put my income property on my sons name now and no do a living trust. What would be the negative on doing that.

Any type of transfer whether done inter vivos or through a planning instrument is not a one size fits all. There may be tax implications or...

WILL THE NURSING HOME TAKE MY MOTHER'S SOCIAL SECURITY CHECK IF SHE HAS TO GO INTO A NURSING HOME?

Burial insurance can be an exempt asset when qualifying for medicaid. Generally, this is paid off in one lump sum, but your policy may be...

Myself and a friend went into business together . We have a LLC. She holds 51% and I hold 49%.

You have rights as a shareholder and although a majority shareholder may hold more voting rights, there are protections for minority shareholders...

Probate atty

If you do not intend to sell the land, an heirship may suffice. Contact an estate planning attorney to discuss your options. Please let me know...

It would be advisable to have a Mississippi attorney review the Last Will and Testament to ensure that it will be considered a valid will in...

Generally, POD accounts pass outside of an Estate, however some law allows for transfer of assets by listing them in a trust instrument. It...