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...
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Estate planning
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...
What are some common types of trusts that can help preserve estate assets?
One of the many reasons that people add trusts to their estate plans is to preserve our most valuable assets. The property in your name at the time of your death can be vulnerable to claims by creditors, Medicaid estate recovery program and tax authorities. Testators...
Three common estate planning mistakes
If you have decided to establish an estate plan, you are one step closer to providing financial stability and peace of mind to your family members and yourself. By avoiding these common estate planning errors, you can move even closer to achieving your legal and...
Inheritances that save heirs from themselves
If you’re making your estate plans, you may have an heir that is causing you concern. You want to leave them something, but they have proven to be somewhat irresponsible with their money and assets in the past. This is your legacy — and these are the assets you worked...
What percentage of family businesses make it?
You started a business when you were younger and helped it grow over the decades. It’s your sole source of income. Now you want to leave it to your children. You know how valuable a business can be as an asset. If they take it over, they have the chance to help it...
Power of attorney documents can be key in a Louisiana estate plan
“We all have concerns about the future.” So says an established Louisiana legal source on estate planning, which duly reminds readers that timely and soundly crafted estate documents can comprehensively address key life concerns. Those concerns are myriad and varied...
What happens to a loved oneʼs assets when there is no will?
If you have recently lost a loved one, you will, unfortunately, have to deal with the heavy emotional burden of the loss at the same time as the logistical aspects of their death. It is important that you prioritize taking the time to grieve, and that you lean on your...
How do you pass your business on to the next generation?
Whether you started your own business, inherited it or bought it, your company has probably been a big part of your life and your self-identity. Its successes are your successes. You may view the company as your lasting legacy for the people you love and your...
Update your will when major life events arise
As an entrepreneur ready to launch a business, you are careful with preparation and details. You create a business plan, seek an ideal office location, recruit investors and prepare to hire employees. You set the table for what you hope will be a successful business....