How Long Has It Been Since Your Last Legal Checkup?

Article submitted by Pamela Hancock, Attorney, Madison, MS.
For more information, she can be reached at 601-853-2223.

Mississippi Senior Citizens: Did you know that in addition to your medical checkups, you need regular legal checkups?

Legal checkups insure that:

• You have all of the legal documents that you need (a Will and/or a Trust, Powers of Attorney for finances and healthcare, Transfer on Death provisions, etc.) and that the documents are in good order
• You have anticipated the future to the extent possible to protect both your assets and your person (financial and healthcare Powers of Attorney)
• You have the proper beneficiaries designated --make sure that your beneficiaries have not predeceased you or have had some other circumstance occur that would make them less desirable
• The most desirable ownership format is in place for your assets (joint tenancy, individual ownership with a transfer on death provision, trading authority or financial Power of Attorney)
• You have an overall estate planning strategy and that your documents are in compliance with the current laws