If you're living in Louisiana and thinking about writing a will, you're already ahead of the game. Far too many people wait until it’s too late, or they assume their assets will simply “go to the right people” without needing a legal plan. Writing a will in Louisiana doesn’t need to be complicated, but you do need to know how the law works. Louisiana has some unique legal traditions that set it apart. Understanding how they apply to your will could make a big difference in ensuring your … [Read more...]
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The Big Lesson from Tony Bennett’s Embattled Estate and Troubled Trust
When one child occupies a position of trust with a parent to the exclusion of other siblings, that causes friction. Extending that position of power after death exacerbates that friction and may cause irreparable harm. It seems that happened upon the death of beloved singer, Tony Bennett. His daughters have sued their brother on two different occasions leveling some unflattering allegations. Read on to learn more. … [Read more...]
Digital Estate Planning: Are You Prepared
In today's digital age, technology touches every part of our lives. We communicate through emails, share memories on social media, and manage finances online. Our digital footprints are extensive and hold significant personal and financial value. Yet, many people overlook the need to include digital assets in their estate planning. Digital estate planning ensures that someone manages your online presences and assets according to your wishes after you're gone. Understanding Digital … [Read more...]
Estate Planning for Non-Traditional Families in Louisiana
Estate planning is essential for protecting your loved ones, no matter what your family looks like. If you are part of a non-traditional family, you may face unique legal challenges. Let’s look at the details. Challenges Faced By Unmarried Partners If you are in a committed relationship but not legally married, Louisiana law does not recognize your partner as a legal heir. Without an estate plan, your assets will pass to your next of kin according to Louisiana's intestate succession … [Read more...]
Can My Estate Plan Guide a Beneficiary’s Actions?
Many people worry about how a beneficiary will manage an inheritance, especially when financial responsibility is a concern. With the right strategies, you can shape your estate plan to guide a beneficiary’s actions without completely restricting their freedom. Structuring an Inheritance for Responsible Use Leaving assets outright provides no safeguards against poor financial decisions. If a beneficiary lacks financial experience, receives government benefits, or faces creditor issues, … [Read more...]
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