If you have a commercial property you wish to get rid of but you have concerns about the tax consequences, you may be able to minimize your liability through a 1031 tax-deferred exchange. This type of transaction allows you to trade property with another owner and...
Month: August 2022
Month: August 2022
read more
Are executors liable for mismanaging an estate?
When you agree to serve as the executor over someone’s Mississippi estate, you are also agreeing to uphold a number of important obligations and responsibilities. Serving as someone’s executor takes time, and the position often involves tracking important dates, tying...
4 mistakes to avoid as a fiduciary
A person who writes a will or creates a trust may name you as an executor or trustee. You could also become an estate administrator by court appointment. In any of these cases, you become a fiduciary with the responsibility of managing assets for someone else's...