The Role of Trusts in Estate Planning: Types and Benefits
Trusts are one of the most flexible tools available when it comes to estate planning. They allow you to maintain control over your assets, reduce taxes, and ensure your wishes are carried out after you’re gone. Whether you’re looking to protect your wealth or provide for a loved one, trusts offer...
How to Minimize or Simplify Succession: Strategies for a Seamless Transfer of Assets
Succession (Louisiana’s term for probate you hear in other states) can feel like a complicated and lengthy process, especially when it comes at a time when families are already dealing with loss. With the right planning, however, there are ways to make things easier for your loved ones. By taking steps...
Revocable vs. Irrevocable Trust
When it comes to estate planning in Louisiana, trusts can be valuable tools for managing your property during your lifetime and ensuring it is distributed according to your wishes after your death. Two primary types of trusts are revocable and irrevocable trusts. Each has its unique features and benefits, and understanding...
The Impact of Marriage and Divorce on Your Estate Plan
Life changes, such as marriage and divorce, significantly impact your estate plan. Whether you're newly married, considering a prenuptial agreement, or going through a divorce, it's essential to adjust your estate plan to reflect your new circumstances.
Marriage: Updating Your Estate Plan for Your New Life
How To Appeal If the VA Denies Your Claim
Receiving a denial notice for your VA claim can be disheartening, but it's important to remember that you have options. The appeals process provides veterans with the opportunity to challenge the VA's decision and potentially secure the benefits they deserve.
Understanding the Decision
10 Questions to Ask a Tax Attorney
Consulting a tax attorney is a wise move if you’re facing complex tax issues or seeking professional guidance on tax matters. However, it’s crucial to ask the right questions during your initial consultation to ensure you’re getting the advice and representation you need. Here are ten essential questions to ask a...
Estate Planning For Small Businesses In Louisiana
Estate planning assists with the seamless transfer of assets and continuity of your business. Whether you are an entrepreneur planning for the future, a legal advisor, or a family member involved in a family-owned business, understanding estate planning and having a robust plan in place will go a long way toward...
Understanding Forced Heirship in Louisiana Estate Law
The principle of forced heirship sets Louisiana apart from other states, impacting how assets are distributed upon death. Understanding the principle of forced heirship is necessary for anyone involved in estate planning or administration within Louisiana, as it significantly impacts the distribution of assets and the drafting of wills.
What Are the Pros and Cons of Being a Trustee?
Trusts are an essential component of many estate plans. They serve as a vehicle for passing assets on to beneficiaries in a way that can simplify probate and mitigate or avoid many tax consequences. However, they need trustees to function. A trustee is a person or entity that manages...
What Qualifies as a Veteran’s Disability?
According to some statistics, as many as 3.5 million veterans have disabilities that adversely affect their ability to work for an income. While many of these individuals may be eligible to receive veteran’s disability benefits, the rules around eligibility can often feel frustratingly opaque. A Louisiana veterans’ benefits attorney can help you...
