Kosciusko Estate Lawyer, Mississippi


William James Dukes Lawyer

William James Dukes

VERIFIED
Business, Estate, Intellectual Property, Power of Attorney, Tax

A Mississippi native, William J. Dukes pursued graduate studies in physics before law school. Mr. Dukes focuses his practice on the needs of small bus... (more)

Owen P. Lalor Lawyer

Owen P. Lalor

VERIFIED
Divorce & Family Law, Accident & Injury, Business, Estate, Workers' Compensation

Owen P. Lalor received his Bachelor of Arts degree with a major in Economics from St. Louis University, received his Juris Doctor from Vanderbilt Univ... (more)

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800-758-9910

J Niles Mcneel

Litigation, Lawsuit & Dispute, Estate Planning
Status:  In Good Standing           Licensed:  49 Years

J Douglas Smith

Personal Injury, Wills & Probate
Status:  In Good Standing           Licensed:  28 Years
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Tammy L Barham

International Tax, Litigation, Estate Administration
Status:  In Good Standing           

R David Marchetti

Commercial Real Estate, Gift Taxation, Estate Planning, Corporate, Elder Law
Status:  In Good Standing           

Jay A. Norris

Tax, Estate Planning, Transactions, Business
Status:  In Good Standing           

Jerrod Mitchell Rayborn

Family Law, Divorce & Family Law, Custody & Visitation, Adoption, Wills & Probate
Status:  In Good Standing           Licensed:  6 Years

Ashley Nicole Wicks

Banking & Finance, Commercial Real Estate, Gift Taxation, Business & Trade
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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Lawyer.com can help you easily and quickly find Kosciusko Estate Lawyers and Kosciusko Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)
A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.