Using a Trust to Manage Family Property or Business in Louisiana
Managing family property or a business in Louisiana comes with unique challenges. Families want to preserve what they’ve built, avoid disputes, and make sure assets are used wisely. One way to achieve this is by creating a trust. A trust can give you greater control over how property and business interests are...
Can You Use a Trust to Protect Property From Medicaid Recovery?
If you or a loved one may need long-term care in the future, you’ve probably heard about Medicaid—and possibly Medicaid estate recovery. After a Medicaid recipient dies, the state may seek to recover care costs from their estate.
The good news is that there are legal tools that may...
Understanding Louisiana’s Community Property System in Estate Planning
When you start planning for the future, one of the first things to look at is how your property is owned. In Louisiana, we follow a community property system, which means that the way property is divided between spouses works differently than it does in most other states. If you’re married or...
What Parents of Children With Special Needs Should Know About Inheritance
Caring for a child with a disability often means thinking several steps ahead. As a parent, one of your greatest concerns may be what happens when you’re no longer here to provide for them. Among the most important choices you’ll face is how to leave an inheritance that offers support without putting...
Do I Really Need a Will in Louisiana? Here’s Why the Answer Is Yes
You may be wondering if a will is something you really need. If you don’t have much property or think your family will “just figure it out,” it might seem unnecessary. However, in Louisiana, not having a will can lead to confusion, delays, and outcomes that you never intended. A will isn’t...
Planning for a Child With Disabilities: Estate Planning Tools That Work
If you’re raising a child with disabilities, you’ve probably thought about their future more than once. What happens when you're no longer around to provide care or support? Will your child have the resources they need to live comfortably? These questions are hard, but the answers start with a solid estate plan.
The Step-Up in Basis: How Estate Planning Can Optimize Tax Benefits
Most people don’t think about capital gains taxes when planning their estate. But there’s a simple rule that can make a big difference for your family: the step-up in basis. With the right planning, this tax rule can help your loved ones inherit property without getting stuck with a large tax bill...
The Importance of Healthcare Directives
When we talk about planning for the future, most people think of retirement accounts, home insurance, or even writing a will. But there’s one part of the plan many people overlook: what happens if you can’t speak for yourself during a medical emergency?
That’s not just a question for...
Asset Inventory Tips During Succession
Putting together an accurate inventory of assets can make a big difference during the succession process in Louisiana. When a loved one passes away, gathering information about what they owned—and what they owed—is one of the first steps in settling the estate. It doesn’t have to be overwhelming. With the right approach...
Gifting Strategies in Estate Planning to Reduce Taxes
Giving during your lifetime isn’t just thoughtful—it can also be a smart move for your estate plan. Certain types of gifts can reduce the size of your taxable estate and help your loved ones now rather than later. At Kallio Law Firm, LLC, we guide Louisiana families through practical, tax-friendly strategies...
