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...
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...
Heirs may have different ideas about "fair" when a will goes through probate in Louisiana. One relative might believe he/she is "owed" a set amount of money or possession of a particular heirloom. Although someone may feel a specific way, hurt feelings or entitlement...
Buying your first home can be a stress-inducing process, even if it is one of the most exciting times in your life. Making the commitment to pay a mortgage for up to 30 years can bring about a great deal of worry. For first-time homebuyers in Baton Rouge, Louisiana,...
Not everyone takes part in formal estate planning, which could be a mistake. Others may take steps to devise a will, draw up a power of attorney agreement, and other measures. Writing and signing a legal will and placing it in a Louisiana safe for decades might not be...
Whether you’re buying your first home or you’ve made multiple real estate deals over the course of your life, the process can often be overwhelming. There are inspections, appraisals, and paperwork in addition to the time you spend looking for the home that fits your...
Creating an estate plan is important for Louisiana residents. While the current federal estate tax exemption is quite high, the tax burden can still be an issue for some people. There are, however, a few ways that this can be addressed. What exactly is lifetime...
Legal proceedings may come with many steps and responsibilities. When two highly involved legal duties converge, things may seem even more complicated. Divorce proceedings and estate planning in Maryland both require significant attention. Performing both...
Buying your first home is a wonderful experience, but it can also create a great deal of stress and anxiety. Many first-time homebuyers make some common mistakes, primarily because the process has so many moving parts that make it hard to do everything correctly....
Ideally, you will have a good relationship with your Louisiana business partner. However, regardless of how well you get along with this person, there is a chance that conflicts will occur. Fortunately, there are steps that you can take now to prevent a minor...