Clay County, MS Estate Lawyers

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Gerald Gaggini
About | Practice Areas
Gerald Gaggini - Attorney at Law
2500 Hickory Wood Drive Tupelo, MS 38801» view map
Estate Law
Experience You Can Trust

Over the years, Attorney Gaggini has aquired significant litigation experience in Mississippi's county and circuit courts.

800-521-7020
1. Gerald Gaggini Tupelo, MS
  Attorney at Law- MS, 1999
  Mississippi College School of Law, J.D. 1999
2. AboutGerald Gaggini - Attorney at Law
  Experience You Can Trust
3. Practice AreasExpertise
  Estate Law
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Mark Andrew Cliett

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Mark Cliett is an experienced lawyer who has been practicing law in Mississippi since 1995.

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Marlin Marcellus Stewart

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Marlin Marcellus Stewart

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Status: In Good Standing Licensed: 20 Years

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Michelle Dean Easterling

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James C Helveston

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Robert B Marshall

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Bennie L Jones

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Status: In Good Standing Licensed: 46 Years

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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Clay County, MS Estate Lawyers

Sponsored Law Firm

Gerald Gaggini - Attorney at Law

SPONSORED LAWYERS

Mark Andrew Cliett

Thomas Murray Tubb

Marlin Marcellus Stewart

Marlin Marcellus Stewart

Michelle Dean Easterling

James C Helveston

Robert B Marshall

Kristen Wood Williams

Bennie L Jones

Roberta L Haughton

TIPS

LEGAL TERMS

CERTIFICATION OF TRUST

WARRANTY DEED

GROSS ESTATE

REMAINDERMAN

ESTATE TAXES

DOWER AND CURTESY

PROBATE

ABATEMENT

BENEFICIARY

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