Mizell & Mays Law Firm, P.A.

05/13/2025

Power of Attorney (POA): Meaning, Types, and How and Why to Set One Up

A power of attorney (POA) is legal authorization for a designated person to make decisions about another person's property, finances, or medical care.

05/08/2025

What is a family trust, and how do you set one up?

Learn about family trusts, their benefits and how this powerful tool can safeguard your assets and secure your family's future.

05/06/2025

What is transfer on death (TOD) for estate planning?

A transfer on death (TOD) account is a designation that allows assets within a brokerage account to pass directly to a named beneficiary and avoid probate.

05/01/2025

Estate Planning for Crypto: What Happens When You Die

Passing cryptocurrency to your heirs is more complicated than leaving behind cash or property. Here are the potential pitfalls to avoid when making an estate plan.

04/29/2025

What Is a Beneficiary? Role, Types, and Examples

A beneficiary is a person or entity designated to receive property from another individual. This property may be a monetary benefit received as an inheritance.

04/24/2025

Decedent Meaning in Tax and Estate Planning

Decedent is a legal term used by tax accountants, lawyers, and estate planners to refer to a deceased person. Decedents may continue to have financial obligations.

04/22/2025

Settlor: Definition and Example

A settlor is someone who creates a trust and legally transfers property to a trustee, who administers it for one or more beneficiaries.

04/17/2025

Power of Attorney (POA): Meaning, Types, and How and Why to Set One Up

A power of attorney (POA) is legal authorization for a designated person to make decisions about another person's property, finances, or medical care.

04/15/2025

Grantor Retained Annuity Trust (GRAT): Definition and Example

A grantor retained annuity trust is a financial instrument used in estate planning to minimize taxes on large financial gifts to family members.

04/10/2025

What Should You Not Put in a Living Trust?

In general, people should not put these things in a living trust: checking accounts, retirement accounts, HSAs, life insurance, UTMA or UGMA accounts or vehicles.

04/08/2025

Will vs. Trust: Which Is Right For You?

A will takes effect upon death but trusts can be used both during the lives and after the deaths of the grantor, or creator.

04/03/2025

Testamentary Trusts vs. Living Trusts https://smartasset.com/estate-planning/testamentary-trust-vs-living-trust