Powers of attorney are arguably some of the most important estate planning documents people create. They are also some of the most misunderstood legal instruments. Many people have an aversion to powers of attorney because they have heard misinformation about these...
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Year: 2024
Understanding Louisiana’s “forced heirship” laws
Louisiana is a unique state in many ways. It has enacted laws that few, if any, other states have embraced. For example, many of its laws governing estate planning and succession are truly unique. Consider “forced heirship.” Louisiana is the only state in the country...
3 common mistakes made when negotiating business contracts
The terms included in a business contract can guide how a company operates and may dictate how profitable operations prove to be. Contracts can give a business access to leased commercial facilities. They can ensure that companies have appropriate talent provided by...
3 ways powers of attorney protect the people who draft them
Estate planning is a process that allows people to address what happens when they die. They can also plan for medical emergencies that could leave them incapacitated. Powers of attorney are among the most popular and valuable inclusions in comprehensive Louisiana...
Critical steps to take when transferring a family business
A family business could very easily be the most valuable asset in someone's personal portfolio. It is common for those who inherited, purchased or started a business to aspire to pass the organization to someone they trust when they retire or they die. Arranging for...
Don’t fall for these myths about estate planning
Understanding the importance of estate planning is crucial for young adults, yet many delay this process due to prevalent myths and misconceptions. Estate planning isn’t just for the elderly or the wealthy. Estate planning allows individuals to make arrangements for...
How can you plan for medical care if you become incapacitated?
Planning for medical decisions and care in the event of incapacity is critical to a comprehensive estate plan. It allows individuals to express their wishes regarding medical treatment and end-of-life care in advance. Anyone creating their estate plan should ensure...
3 of the most common contract-related legal disputes
Contracts, by their nature, help to minimize the risk of business conflicts. Contracts can help specify the nature of a business relationship and what obligation each party has to the other. They provide a clear record of agreements between two parties that helps to...