Business owners in Louisiana understand how difficult it can be to start a company or successfully maintain operations. With all of the day-to-day decisions they have to make, entrepreneurs would be wise not to overlook important decisions they need to make for the...
Month: June 2020
Securing the future interests of minors when estate planning
Louisiana parents typically want nothing more than to protect the best interests of their children. They make sure they are safe, help with their education and care for them when they are sick. Parents should also address their future interests specifically and...
Estate planning is not just for the wealthy
When a Louisiana adult considers the benefits of estate planning, he or she may assume that this is only something that is necessary for those who are wealthy. In reality, thinking about and planning for the future is a step that benefits everyone, regardless of age,...
Long-term planning with future security in mind
The future may be uncertain, but there are things Louisiana adults can do to maintain a measure of control over certain aspects of their lives. One choice is to draft a strong and thoughtful estate plan. The foundation of good long-term planning is to draft certain...
The difference between probate and nonprobate assets
When a loved one passes, there is often confusion or disagreement between family members regarding what will happen to the property of the decedent. This is why it is important for Louisiana adults to have estate plans in place. Depending on the specific types of...
Assistance with the succession process is important
When a family member passes away, loved ones will typically have the responsibility of settling the estate. This means making sure that every asset goes where it was intended to go, paying off remaining debts and adhering to the wishes of the decedent. Succession is...
A power of attorney can help a family during a difficult time
When a loved one is no longer able to express wishes, it can leave a Louisiana family in a difficult position as they try and make important decisions on his or her behalf. Medical emergencies and the onset of debilitating illnesses are unpredictable, and this is why...
Planning strategies for adults with average incomes
One of the most common misconceptions about estate planning is that it is something reserved only for the wealthy or those who already have valuable assets. In reality, there are important estate planning tools that can benefit adults of average incomes, including a...
IRS honors proposed deductions for estates and trusts
Asset protection is critically important to ensure a suitable retirement and financial legacy for your spouse and heirs. It also can help to solidify your retirements years. Many Baton Rouge-area families understandably make use of trusts, estates, and other common...
Leveraging the benefits of a revocable living trust
For some Louisiana adults, drafting a will is sufficient for their estate planning needs. This document allows them to decide what will happen to their assets after they pass, plan for the care of a beloved pet and even name a guardian for any minor children. However,...
