Estate planning is not only for the wealthy, but it is a process that is especially important for those who have a lot of wealth and valuable assets. The singer Prince was a famous and wealthy musician who died possessing valuable property and money, but there have...
Baton Rouge Law Blog
Important questions for creating an estate plan
Making legal and financial preparations for the future can be a challenging, complex process. It is not always easy to determine what may be important years in the future, and it is difficult to consider what will happen if incapacitated or after passing. There are...
An irrevocable trust could be the right choice for specific needs
When creating an estate plan, the goal is to make choices that will be useful and beneficial for years to come. Thinking ahead about the specific needs of heirs and beneficiaries can help a Louisiana adult create a plan that will secure the interests of themselves and...
Both young and old benefit from having a plan for the future
It can be difficult to think about and plan for the future, especially when one does not see the need for it. Young people in Louisiana may believe that because they are young and healthy that they don’t need an estate plan, and older people may assume they don’t need...
A practical estate planning strategy for adults
One aspect of planning for the future is laying out financial and legal intentions for estate assets after one’s passing. It may also include planning for the possibility of a disability or long-term health care needs. Protecting wealth is a primary goal for many in...
Could a springing power of attorney suit your needs?
You and many other Louisiana residents understand the importance of having an estate plan. However, you may still have questions about what you want to include in your personal plan. You may have already made certain decisions about the distribution of your remaining...
Addressing physical assets in an estate plan
Louisiana adults often spend their lives earning, saving and accumulating assets. After a benefactor’s passing, loved ones and beneficiaries must decide what happens to a decedent’s physical assets. In many cases, those left behind don’t want or need the possessions...
Transferring wealth the right way
One important aspect of estate planning is deciding what will happen to hard-earned assets and wealth in the future. Transferring wealth to heirs and beneficiaries is an important goal for many, but there are specific ways to do this through certain estate planning...
How does one draft a living will?
Part of planning for the future includes making plans for what will happen in the event one is unable to express wishes regarding health care and medical needs for himself or herself. A living will is an estate planning document that allows a Louisiana adult to make...
The benefits of a SLAT for estate planning
Developing a comprehensive legal and financial plan for the future is essential for every Louisiana adult. Estate planning looks different in every situation, and for some, this may include a spousal lifetime access trust or SLAT. Planning well should include a...