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.
When it comes time for retirement planning and establishing a guideline for what you want to be done with your estate, it is important that you take your time in making decisions that will undoubtedly impact your life for years to come. At Dale M. Maas, Attorney at Law, we are proud to help the people of Louisiana in their efforts to create estate plans that are customized for their needs.
For many people in Louisiana, writing a will may not be their top priority. For some people, the time it takes to put one together may seem like something they do not have. For others, the idea of making designations this early in life may seem counterproductive. However, contrary to what many think, writing a will is actually quite simple and compared with its benefits, is not that time-consuming.
Without a will, the State of Louisiana might still distribute your property as you wish. Nevertheless, it is usually beneficial to make some sort of estate plan. You should probably think of the default succession laws as more of an informative context rather than a replacement for good planning. Your will in Louisiana has the power to do other things apart from distributing your assets. For example, you could probably name an executor for your estate or guardian for your children. Please read the following Louisiana succession rules with this in mind.
We have covered estate planning from different perspectives, and we understand the many different factors that should be considered when creating an estate plan as well as some of the sources of contention with respect to the administration of an estate after someone passes away. In some families, the estate planning process can be particularly complex due to multiple factors. For example, siblings may have an ongoing rivalry or they may find themselves in the middle of a tough dispute over disagreements regarding the administration of an estate.
There are many challenges for those who work through the divorce process, especially if kids are involved. Moreover, those who have a child with special needs may face even more uncertainty during the divorce process. Not only do some parents have questions and concerns regarding child custody, child support and other divorce-related topics, but some are worried about their child’s future and want to do everything they can to ensure that their child will have the resources they need in the years to come. Sometimes, a special needs trust is a great way to gain peace of mind knowing that these issues have been addressed.
Estate planning can present a number of challenges, but there are times when this process can be especially complicated. For example, those who are unsure of how to divide their assets among those they love may have a lot of stress and be unsure of which decisions to make with regard to naming beneficiaries. Moreover, the choices that are made during the estate planning process could have a significant impact on an entire family in the years to come. In some cases, the decisions that are made while setting up a trust or a will can lead to disputes within a family.
When many people set up an estate plan, they consider how their will or trust will help those they love after they have passed on. This may include a spouse, children, grandchildren and other loved ones, such as a family pet. Many people love their pets as if they were their own children and it is important to take this issue into consideration when creating (or making changes to) your estate plan. In this post, we will examine some issues related to estate planning and domestic animals.