Devise an estate plan, with the help of a qualified attorney and other advisors, to minimize the taxes on your estate.
Just a few sentences in your will are all that is needed. The official bequest language for The University of Mississippi Medical Center is: "I, [name], of [city, state, ZIP], give, devise and bequeath to The University of Mississippi Medical Center [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
You Need a Will
Everyone needs a will, no matter if he or she is young or old, sick or healthy, single or married.
If you leave this world without a will, your assets will be distributed according to state law and your wishes will not be fulfilled. Likewise, having an outdated will also means that your current intentions will not be carried out. So when change occurs in your life, remember to update your will.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.