The executor or personal representative of a Louisiana estate has a difficult job ahead. It is their responsibility to initiate succession proceedings in court. They have to communicate with beneficiaries, heirs and other interested parties. The personal...
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Estate Planning
The importance of planning in advance to qualify for Medicaid
Estate planning isn't just necessary for new parents and those with serious medical challenges. It is also very important for those preparing for their golden years. The years leading up to retirement are an ideal time to create or potentially update estate planning...
What does “forced heirship” mean for Louisianans?
Louisiana has a number of unique laws and legal doctrines. Among them is something “forced heirship.” Basically, it means that parents cannot disinherit any child who is not yet 24 years old or who is unable to care for themselves. If a parent dies intestate (without...
How can your estate plan provide for a loved one who receives disability benefits?
When creating your estate plan, you have the opportunity to provide support to your loved ones. However, if one of your loved ones relies on disability benefits, you may need to take additional steps to ensure that your plan addresses those needs. How can your estate...
Can you disinherit immediate family members in Louisiana?
For the average adult with their own family, their spouse and children will inherit most of their property when they die. Although people sometimes have others that they want to include in estate plans, ranging from friends and distant relatives to charitable...
Special needs trusts can help you provide for vulnerable loved ones
If you are the parent of a special needs child, you know that your child may need special care and support. As you age and look to the future, you probably have concerns about what will happen to your kids and how you can care for them. With certain estate planning...
Succession planning for your small business
If you own a small business in Louisiana, there is a good chance that you have invested countless hours and a lot of money into getting the company off the ground and making it a success. Your family likely remembers waking up after you had already left the house, the...
Avoid these estate planning mistakes at all costs
There is a lot to think about when creating an estate plan. No matter who you are, you realize that making all the right decisions is extremely important.Unfortunately, there are many mistakes you can make when creating an estate plan. Here are several that you want...
What are the goals of Medicaid planning?
At some point, you may realize that you or a family member qualifies for Medicaid benefits. Even if you don't find yourself in this position right now, it's important to plan for the future.This is where Medicaid planning comes into play. Here are some of the many...
How to start the estate planning conversation with your parents
Are you concerned that your parents don't have an estate plan? Do you worry that they're overlooking some important details?If you find yourself in this position, you can step in and provide some assistance. The best thing you can do is explain the benefits of estate...