The purpose of elder law is to aid seniors in enjoying secure and independent golden years. This may involve different kinds of planning. As someone concerned about caring for your elderly parents in the coming years, you may wonder what type of planning you need to...
One of the primary goals of estate planning is to minimize the effect of taxes. Taxes can significantly reduce the amount of your estate that you can pass to your heirs. Estate planning can help ensure that your heirs receive as much of your estate as possible....
No one wants to consider becoming too fragile to remain independent. This is why many leave loved ones unprepared for assuming the role of caregiver. Exploring long-term care planning options now prepares your family for that time when you can no longer administer to...
Fulfilling the role of the executor to a friend or family member’s estate is a monumental task in both importance and difficulty. Knowing the expectations and responsibilities is important if you want to handle the probate process as effectively as possible. An...
The difference between estate administration and probate is slight yet very specific. Estate administration occurs each time an estate is called to account for the assets of someone deceased. This may or may not call for a probate hearing in the process. Louisiana...
After passing away in Louisiana, your estate is distributed among your beneficiaries based on the terms of your will after going through a probate process. This process comes at a cost; for example, you will have to pay fees for the probate process, your trustee, and...
Estate planning can be tricky for anyone, but if you have a blended family, you may need to undergo an even more complex process so that you have the flexibility to make all the necessary plans to take care of everyone. There are also special issues that you should be...
If you live in Louisiana and are creating an estate plan, you may wonder whether one or more trusts would be appropriate in your situation. Talking about trusts can be confusing sometimes because they may be referred to under different names. Several different types...
When you start planning your estate in Louisiana, you have two options for asset division. You could take the traditional route and write a will that divides your estate amongst your family members and other heirs. However, many people don't realize that they have...
You make a living that provides for your family and keeps everyone happy and healthy, but you’re not a millionaire. You don’t live in a big mansion or own a beach house, so do you really need to go through the time and effort to make a will? The short answer is yes....