Some individuals create a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, Health Insurance Portability and Accountability Act Authorization Act and think that those documents alone constitute a complete Estate Plan that will protect their family. While the documents themselves represent a solid beginning, the documents don’t cover every asset or concern. A qualified Estate Planning attorney will consider all and provide advice regarding … [Read more...]
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Community Property Makes a Difference
In estate planning, the nature of the property involved can make a significant difference in determining the best way to plan for its ultimate disposition. Community property, in states recognizing it, is a form of marital property which is derived from the labor of either party to a marriage. Community property is recognized in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. For example, if the wife receives a paycheck, it is … [Read more...]
When Silence Speaks: Understanding Louisiana’s Silent Wills
A last will and testament is a legal document that outlines a person's final wishes regarding the distribution of their assets after death. However, what happens when the will is silent on certain matters? In Louisiana, a silent will can lead to confusion and disputes among beneficiaries. In this blog post, we will explain what a silent will means in Louisiana and provide some real-life examples. What is a Silent Will? In Louisiana, a silent will is a last will and testament that does … [Read more...]
Common Mistakes in Estate Planning – IV
With the proliferation of the internet has come a plethora of websites claiming that individuals may take a “Do It Yourself” approach to Estate Planning. While individuals may think that a plan created by one of these companies will meet their needs and save them money, the opposite is true. These plans often fail to contain necessary provisions and usually cost the family more in attorneys’ fees. In addition, a Trusts and Estate practitioner can alert a family to techniques designed to lower … [Read more...]
What Keeps a New Mom Up at Night Besides the Baby?
The birth of a new baby is a wondrous, joyous event. Henry David Thoreau said that “every child begins the world again.” Your world certainly began anew with your new baby! It was a long path and it all seemed to happen so fast! But, it seems like there are still so many decisions to be made now and as your baby grows from infant to toddler, to school-age, to young adult. And, who would make those decisions if something happened to you? First, if you died or were mentally incapacitated, … [Read more...]
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