Certain types of medical conditions will progress over time, and those who suffer from these conditions may eventually be unable to speak for themselves. This means it’s important for these individuals to make certain types of decisions while they are still cognizant...
Month: May 2020
Mistakes with an estate plan can be costly later
When there are problems with certain estate planning documents and decisions, they may not be obvious until years later when it’s time to settle the estate. Errors and oversights can become clear when beneficiaries and loved ones are trying to handle matters after a...
All adults can benefit from estate planning
It’s not easy to plan for the future, especially when it requires thinking about what will happen to assets and property after passing. Louisiana adults may delay estate planning because they assume they are not wealthy enough or have enough valuable assets. In...
What do the terms usufruct and usufructuary mean?
There are many terms that you will hear when you work on your estate plan. Some are easy to understand. There are others you do not hear outside of the world of succession. Two of those words are usufruct and usufructuary. Understanding those terms can ease the...
Estate planning could prevent leaving matters up to chance
For some Louisiana residents, it can take a jarring event to spur them to take certain action. For example, seeing a friend or family member become seriously ill may prompt them to consider their wishes for future care and what will happen to their assets after their...
Certain health concerns can make estate planning needs clear
Louisiana adults often delay the process of making plans and drafting certain documents that could be important in the future. However, certain health concerns, such as Alzheimer’s disease, can help a family see how estate planning is not something to push off to a...
When should you update your estate plan?
Many people take the time to write a comprehensive estate plan and then simply forget about it – ignoring the opportunity to mirror the changes that happen in their personal lives. These people realize in retrospect that significant life events should have dictated...
Avoid These 6 Estate Planning Mistakes
Estate planning, for many, is an essential part of protecting your family and personal assets. While each estate plan is custom, there are six common mistakes people should avoid, which include: Understanding Your Estate Plan: The lack of not understanding your estate...
3 myths about estate planning
Everyone has an estate that must be taken care of after their death. Everything from cars to life insurance must be wrapped up after a person’s death. No matter how big or small your estate is, a plan for that estate is needed. Death is inevitable and planning for it...
Power of attorney is an essential component of any estate plan
When people think of estate planning, the first thing that comes to mind is a will. However, there are other documents to consider as part of a comprehensive estate plan, documents that can play a crucial role in your life, not just in the lives of your heirs. Despite...
