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...
Estate planning
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 times testators may want to add a trust to their estate plans
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...
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...