Category: Estate Planning

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...

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...

Blended families often come with more moving parts—children from previous relationships, new spouses, and shared assets. That’s why estate planning matters even more when your family isn’t traditional. If you don’t have a clear plan, the law may decide who gets what, and the outcome may not reflect your wishes. Whether you’re...

Creating an estate plan is one of the most important steps to protect your family and assets. With the rise of online estate planning tools, it may be tempting to handle this process on your own. While these services claim to offer quick and affordable solutions, DIY estate plans often lead to...

It’s important to have an estate plan so you can dictate what happens to your property after you die, provide financial support for your beneficiaries, designate someone to act on your behalf if you are ever incapacitated, and achieve other important objectives. Whether you are single and live on your own or...

Creating a comprehensive estate plan is a critical step in protecting your family, protecting yourself during periods of incapacity and unavailability, preserving the value of your estate, and ensuring that your assets are passed along to your chosen heirs. However, the life stage in which you create your plan may not last...

If you have a child or other family member with special needs, you can appreciate the importance of diligent planning to look after your loved one. This includes provisions you make as part of your estate plan. Although each estate plan must take into account the planner’s unique circumstances, this is especially...

Estate planning is probably the last thing that you are thinking about as the holidays approach. Despite all of the other obligations keeping you busy this time of year, it’s actually a great opportunity to think about your estate plan. Whether you already have a plan that you haven’t reviewed in...

Young families have a great deal of planning to do from the moment they welcome a new child into the world. One step that parents need to think about early is estate planning. The estate planning concerns and considerations of younger families will be different than those of older, more established...

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...