Putting together an estate plan may not be a very exciting experience, but it is an important process. People can protect themselves and their family members through the creation of a comprehensive estate plan. In addition to a will and living documents like powers of...
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Estate planning
What should business owners consider when estate planning?
There are many different tools that people can use when estate planning, and many adults try to keep this process as simple as possible. They use a will to arrange for the distribution of their property and perhaps add living documents like powers of attorney to...
Why do most family businesses fail?
Family businesses can be wildly successful and last for generations. They can also fail as soon as they pass down to the next generation. One thing that many business owners are afraid of is that they’re going to leave a successful business to their children and those...
What are the easiest methods for transferring estate assets?
Your assets need to be transferred to the next generation when you pass away. Your assets may include everything from a family home to a business to your bank accounts and investment portfolios. Your assets also include sentimental items and other things that may not...
What are the different kinds of power of attorney?
A basic estate plan, typically, includes a will, a designation for the executor of the estate, an advance healthcare directive and a power of attorney. A will is a legal document that outlines the will maker’s, or testator’s, last wishes and beneficiaries of their...
What should a comprehensive estate plan in Louisiana include?
Including the right documents in your estate plan is crucial to the plan providing you and the people you love with adequate protection. There are many different documents that people can add to their estate plans depending on their financial circumstances and family...
2 ways powers of attorney protect you in an emergency
Even very responsible adults can find reasonable-sounding excuses to delay estate planning. If they take the time to create a will, they may fail to add more documents to their estate plan that broaden their protection and improve the support available for their loved...
3 reasons to include medical care directives in your will
No one can predict what will happen as they age, so it is typically wisest to plan for even the worst-case scenario. You can best protect yourself when you have addressed situations that will leave you physically, financially and legally vulnerable. Testators creating...
Don’t put off creating a will. Here’s why.
When someone dies in Louisiana, they either leave behind documents about their legacy or leave their resources and loved ones at the mercy of Louisiana succession laws. Those who make the effort to plan ahead may leave money to charity and allocate specific property...
2 ways to reduce the chance of an estate conflict when you die
You may want the legacy that you leave for your family to be a positive thing. Providing your children, spouse or grandchildren with financial assets, real estate or even personal property with sentimental value can be a powerful legacy. Those hoping to leave...