When clients undertake Estate Planning, they face the difficult decision of naming one or more individuals to serve in various fiduciary positions. If a client sets up an irrevocable trust during life, the client may prefer to serve as trustee instead of naming a third party. Serving as trustee gives comfort to the trustor that they maintain a level of control over the assets transferred to the irrevocable trust; however, depending upon the provisions of the trust, naming a trustor as trustee of … [Read more...]
Blog
Are You Utilizing the Legal Cloak of Invisibility to Protect Your Assets?
As the saying goes, "An ounce of prevention is worth a pound of cure." This holds particularly true when it comes to protecting your hard-earned assets. In the world of Louisiana estate planning, there exist powerful tools to protect your assets from creditors, lawsuits, and excessive taxation. These strategies allow you to protect and preserve your wealth while maintaining control over your assets: Trusts: The Foundation of Asset Protection One of the most common and effective tools in … [Read more...]
Privacy Protections: Don’t Be Overprotected
Recent federal laws and regulations have created new privacy protections for your medical information. These laws are known as “HIPAA” (Health Insurance Portability and Accountability Act). Now physicians, hospitals, health insurers, and other “covered entities” must comply with strict rules or face fines and potential criminal penalties. An innocent mistake would incur a fine of $100. More serious breaches of privacy, such as releasing information for malicious harm, … [Read more...]
How Do I Trust Thee…Part I
When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s death. Because of the application years in advance, the choice of who will serve as trustee often vexes clients. They need to make this decision years in advance of the time that the individual will serve and as we know, circumstances change. This … [Read more...]
Navigating Estate Planning for Multigenerational Living Arrangements in Louisiana
Multigenerational living arrangements, where multiple generations reside on the same property, offer unique benefits such as shared expenses, emotional support, and stronger family bonds. However, these arrangements can also bring about complex issues related to property ownership, inheritance, and caregiving responsibilities. In Louisiana, where estate and inheritance laws have specific nuances, it is crucial to approach estate planning for multigenerational living arrangements with careful … [Read more...]
- « Previous Page
- 1
- …
- 38
- 39
- 40
- 41
- 42
- …
- 113
- Next Page »
