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Louisianans might put off creating an estate plan for a variety of reasons. Perhaps they are younger and do not think it is a priority. They may not have significant assets or property valuable enough that they believe a will is necessary. Or they might not want to...
Regardless of the type of will you decide to go with, a thorough estate plan can protect your assets in ways other documents cannot. In your will, you may state your preferences for property and your wishes for any minor children you have. The best time in which to...
While it is commonplace to consider estate planning as a step someone takes later in life, it is a safer bet to begin establishing planning documents as early as possible. Simply put, you never know when life can take an extreme turn. Accidents or illnesses can result...
In Louisiana, there are no inheritance or estate taxes, but there are still federal estate taxes applied to estates with assets over $5 million. There are various methods used to reduce the size of an estate and thus remove some unnecessary tax burdens. One of the...
It can be challenging to know when its time to form an estate plan. Many hold off either in fear, knowing that thinking about a trust or will means thinking about the end of their life. Others hold off because they like the way things are and believe they have plenty...
One of the hardest conversations that a Louisiana family can have is determining what will happen if someone in the family, especially the parents, were to die. No one likes thinking about their mortality, but it is inevitable. While the conversation of an estate plan...
A lot of work goes into determining if a trust is right for certain Louisiana residents. They usually work closely with an adviser to help them find the right trust, and they may do extensive research to be sure that the trust they have decided upon is right for their...
Blended families may face some complicated emotional and legal issues when it comes to estate planning. For example, some adult children in Louisiana might wonder what may happen if a parent decides to leave an entire estate to a stepparent and whether they would be...
People who take adequate time to write a will that effectively outlines their desires should anything happen to them, may feel a resounding peace of mind with the surety that their legally signed document will provide their surviving family members with direction and...
Many people wonder how planning for death is a productive thing to do. However, the people that actually do it and factor in decisions such as what will happen to their assets, who will close out important financial accounts for them, what will happen to their home...