Estate Planning

            David Dunn has over thirty years of experience helping people in North Mississippi plan for their family’s future. The advice and legal assistance that he provides is called estate planning. What is estate planning? Estate planning is the process of arranging for the efficient management and transfer of one’s assets during lifetime and at death. A well-drafted last will and testament is important, but estate planning involves much more. Durable powers of attorney, trusts and advanced health care directives are often essential estate planning documents.

Effective estate planning must consider income and estate taxation, and answer the question: “If I died today, will my heirs have to pay estate taxes?” Current estate and gift tax law is scheduled to change in 2009, 2010 and 2011, so it is important for one to know what is coming “down the road” in order to be prepared.

Estate planning must take into consideration long term care. With the passage of the Deficit Reduction Act of 2005, Congress made it even harder for the middle class to qualify for Medicaid. How are you going to pay for your long term care? Do you have long term care insurance? If so, is it adequate? Do you need help reading your policy? If you do not have long term care insurance, do you need it? Effective estate planning answers those and many more questions.

            For many the first step is to contact an attorney. David Dunn has practiced law in North Mississippi for over thirty years and devotes much of his law practice to estate planning. Call David Dunn in Columbus, Mississippi, at 662-327-4211 to schedule an appointment today.      

 

W. David Dunn © 2007





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