One of the most important steps to take when planning for the future is to consider long-term goals and objectives for personal wealth. Assets and money can pass to loved ones and beneficiaries in different ways, but certain types of trusts allow one to accomplish...
Year: 2020
A simple first step in the estate planning process
One of the most significant errors made with estate plans is failing to update the plan after major life changes. Many believe that once a plan is in place, they do not need to do more, but this can lead to problems that may cause complications for loved ones down the...
Estate planning with unique beneficiaries in mind
Planning for the future typically means considering the needs and interests of loved ones and beneficiaries. There is no one-size-fits-all solution in estate planning, and unique beneficiaries may require a unique planning approach. Considering the needs and interests...
Distributing art in a estate plan
As an artist or a collector, you may have numerous pieces of art on your premises. After your death, the distribution of art in the estate plan may pose a significant issue, so it pays off to think about what will happen to your art collection. An estate planning...
What should parents tell adult children about their estate plans?
One of the most difficult aspects of planning for the future is making choices that will affect family members long-term. This is one reason why many people delay making estate plans, or they don’t discuss their plans with their Louisiana families. While this may help...
Famous actor dies without a will. What will happen to his estate?
Estate planning is not something reserved only for the rich and famous, but it is a process that can be especially beneficial for individuals who have a significant amount of wealth. Chadwick Boseman, a famous actor, recently passed away without a will. While many in...
How do politics currently impact estate planning?
After the recent presidential election, individuals are considering their existing estate plans and what changes may be necessary. Incoming administrations often lead to changes in interest rates, tax laws and other factors that should be considered when estate...
Protecting one’s legacy through a strong, thoughtful estate plan
Looking to the future and putting certain types of protections in place is not something to delay. The estate planning process is crucial at every stage of life as it provides the ability to control important things in case of death or incapacitation, such as...
Misconceptions hold many back from estate planning
Adults often avoid planning for the future because they believe they are too young or not wealthy enough to necessitate drafting legal and financial documents. In reality, estate planning benefits Louisiana adults of all ages, regardless of income. Unfortunately,...
Common excuses used to avoid estate planning
One of the most common issues that families in Louisiana run into when a loved one passes away is how their estate is going to be divided among the family. In many cases, when a person has not left a plan on how their estate will be divided, the state will step in....