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 clarification. For individuals seeking to write their own will in Louisiana, they can benefit from recognizing the value of keeping their content understandable and organized.
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 and how any dependents will be cared for, can compile their thoughts in an estate plan. When properly coordinated, a legally signed estate plan in Louisiana is an excellent way for people to protect their surviving loved ones and to have peace of mind.
When thinking about the future, many people in Louisiana will often make financial decisions and name the beneficiaries of property and money, but not as many make decisions relating to their own healthcare. A health proxy is helpful in the event someone becomes unable to make important medical decisions, and it ensures family members and medical teams follow their wishes.
You worked hard over the years to leave a lasting legacy behind for those you hold dear, and now you want to see that as much of your fortune as possible goes to your Louisiana loved ones after your passing. While there are many different things you can do as you work on your estate plan to accomplish this objective, one popular way many people do so is by establishing trusts.
When a resident of Louisiana drafts a will, he or she must do so using his or her own free will, and if this does not happen, someone unhappy about its contents could potentially attempt to invalidate it. Dale M. Maas, Attorney at Law, recognizes that allegations of “undue influence” are a common cause of will contests, and we have helped many people involved in the probate process determine whether a will is or is not, in fact, valid.
As you prepare your will, your thoughts will likely turn to the potential of their being discord amongst your beneficiaries in Baton Rouge over its terms. You certainly do not want to see them fighting over your assets, as your wish is no doubt to benefit them as opposed to creating unneeded tension. Some might tell you that the easiest way to avoid this is to include a no-contest clause in your will. A no-contest clause is language stating that any beneficiary who challenges the terms of your will risks the chance of having their interest in your estate reduced (or being disinherited entirely).
There is a lot of information out there to help people plan for their future when they are coordinating an estate plan. Often, this information focuses on recruiting family and friends to provide support when the time comes that independent decision making is no longer an option. However, what about the people in Louisiana who for whatever reason lack the support or availability of their family? Finding reliable help in preparation for the times when they become incapacitated and are no longer able to manage their health and finances is still critical.
Estate planning can be tricky when you take a step back and look at all of your options with no real idea of what to do or where to begin. At Dale M. Maas, Attorney at Law, we have been able to help many families in Louisiana with their efforts to create a customized plan that fits their needs and works with their lifestyle and end of life desires.
You are looking forward to getting the ball rolling on your estate plan in Louisiana and have already talked extensively with your family about your plans. Your decision to proactively plan for your future is imperative to your ability to live your life confidently with the surety that your final desires are legally acknowledged and will be honored by your surviving family members.
Some people in Louisiana may understand that it is a good idea to have a living will, but doing so is low on the priority list. Other people may not even know what a living will is, but it is an important part of estate planning if a person wants to have control over his or her own healthcare.