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Lancaster Law Firm
The Benefits of a Living Trust
If you’re considering estate planning in Mississippi, it’s essential to understand all of the available options and how they can benefit you and your loved ones. While a will is a common estate planning document, it’s not always the best choice for everyone.  A living trust is an alternative option that offers unique benefits that...
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Common Business Law Issues
Business owners don’t always have the time or resources to properly manage their legal affairs, leaving themselves vulnerable to potential problems. Fortunately, learning about the most common business law issues can help business owners proactively protect their interests and avoid costly litigation. 1. Contract Disputes Contracts are critical to the success of any business, and...
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Mississippi Tax Law A Guide for Business Owners
Taxes can be a complex and confusing topic for business owners. This is especially true in Mississippi, where the rules and regulations surrounding taxation vary significantly from other states. To help business owners better understand the tax laws in Mississippi, this blog post will provide a comprehensive guide to Mississippi tax law.  First, we will...
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Probate Process in Mississippi
As a Mississippi estate planning law team, we understand that thinking about the future can be overwhelming, but planning for it is essential. One of the most critical elements of planning for the future is ensuring that our loved ones are taken care of after we pass away. This is where the probate process plays...
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Start a business in 2023
The world of business is constantly changing, and the year 2023 will be no different. With technology advancing at an ever-increasing rate, it’s important for entrepreneurs to stay ahead of the curve and be prepared to take advantage of new opportunities. Starting a business in 2023 will require a combination of hard work, creativity, and...
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2023 Retirement Plan Changes
For those planning for their future retirement and/or approaching retirement age, it’s vital to understand changes going into effect in 2023 that could affect the way you approach decisions surrounding your benefits and estate planning. Everybody has unique circumstances that impact their future plans and strategies. In the approaching year 2024, Americans will reach Peak65;...
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Tax Planning Tips 2023
Tax planning is an important aspect of your overall financial planning, as it helps you make the most of your money by minimizing the amount of taxes you pay.  Begin by reviewing your tax bracket. It’s important to understand which tax bracket you fall into, as this will determine what tax rate you will pay...
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Estate Planning Strategies for High Net-Worth Families
Individuals with high net worth have several unique considerations to address when it comes to ensuring their estate is handled properly. If you own a high net-worth estate (worth more than $1 million in liquid assets), it’s important to have a coordinated estate plan that protects you and your loved ones and enables the ease...
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The Baby Boomer generation is the fastest-growing age group in the US. Upon entering their senior years, this group faces a unique variety of concerning issues that, in some situations, may require legal counsel. Hiring an attorney in the state of Mississippi who specializes in elder law can protect you or your loved ones from...
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Due to changing IRS rates year-to-year, it’s wise for those planning to maximize the value of their estate for the benefit of their loved ones to stay informed about what those changes are and seek professional guidance to ensure they’re aware of their options going forward. The IRS recently raised the Federal 2023 Estate Tax...
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