Most people purchase life insurance in Louisiana to secure their loved ones' futures. The benefits don't go through probate or any other legal process; your named beneficiaries start getting the proceeds immediately after you pass. But, life insurance can also be used...
How To Talk To Your Children And Grand Children About Your Estate Plan
Writing an estate plan could be among the most helpful things a parent or grandparent could do to help their families. When someone passes away, the beneficiaries may receive that person’s assets as dictated in a will or trust. However, the children or grandchildren...
Balancing your estate and retirement needs
With estate planning, you have an opportunity to balance the wealth of your estate for and during retirement. The balancing act that many residents in Louisiana undergo deals with the legacy they hope to build. With proper estate planning, you can organize your estate...
5 reasons why estate planning should be part of your retirement planning
If you’re planning your retirement in Louisiana, you may also want to work on your estate plan. Your estate plan can be completed alongside your retirement plan while you already have all of your financial documents in front of you. Here are five reasons why...
When a family member dies, what happens to their bank accounts?
In the immediate aftermath of the death of a loved one, there can be significant emotional upheaval and confusion. And these emotions can be even more complicated to process if you are attempting to access some of this person’s funds to pay for necessary funeral and...
How to prevent infighting over your loved one’s estate
Family dynamics can be one of the hardest variables to account for when a loved one decides how to structure their estate plan. For instance, a parent may want to leave their Louisiana home to their two children. However, doing so may be problematic if one of them...
What is lifetime gifting and why should grandparents include it in their estate plans?
For people in Louisiana who have amassed substantial assets, lifetime gifting is important to consider. While the federal estate and gift tax exemption is currently $11.58 million per person or $23.16 million per married couple, this could change. Lifetime gifting...
What you need to know about high net worth estates in Louisiana
In Louisiana, your estate goes into succession after you die. This means that the state verifies your heirs and beneficiaries. If a will exists, the state probates it as well. To create the best deal for your loved ones after you die, it's important to understand...
Business succession planning is more important than you think
When you start a family business in Louisiana, you want it to last. But few businesses make it into the second or third generations. Only 30% of companies have a business succession plan in place for when their founder or leader passes. Making a business succession...
Should your estate plan include a 529 plan to pay for your grandchild’s education?
A 529 college savings plan is a good idea. Putting money away now for education helps fight against growing educational costs in the future. With a 529, growth and earnings on it are tax-free as long as they are used for educational purposes. In addition, this account...