When people think about an Estate Plan, they often have tunnel vision and focus on just a few of the many considerations that influence the plan. Most individuals focus on their assets and figuring out to whom they want those assets to pass. While those things matter, thinking about the intended beneficiary and their individual circumstances also matters. Certain types of beneficiaries require additional planning. Read on to learn more. … [Read more...]
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Lowering Your Chances at Qualifying for Medicaid? Know the Law before Transferring an Asset
Estate Planning is often a necessary task. It is most known as a way to direct your assets to those you wish to provide for after your death. But, did you know that part of the estate planning process could also help with providing for your care or the care of a loved one upon disability? A well thought out estate plan can prove especially useful where a beneficiary may need government assistance, such as SSI or Medicaid. A hasty transfer of assets can mean the difference … [Read more...]
Common Mistakes in Estate Planning – Part I
Despite knowing that they should have an estate plan, many individuals look for shortcuts to creating an Estate Plan. They rely upon advice from seemingly well-intentioned individuals that if avoiding probate is their main goal and they don’t have a taxable estate, they need not seek out an attorney to create an Estate Plan. While options exist to avoid probate, probate avoidance is just one of many considerations in creating an Estate Plan. Read on to learn more. … [Read more...]
Guarding Against Mental Incapacity
As we age, one of our most deeply held concerns is that we may begin to lose our mental alertness. We can try to stave off mental decline by doing crossword puzzles and other brain building games that help maintain alertness. But, like physical decline, the loss of mental acuity may not be entirely within our control. However, we can lessen the consequences of that decline through preparation. If and when you are no longer able to handle your financial affairs, someone must step in to make … [Read more...]
Metairie Attorney Appointed to the Board of Governors of the American Academy of Estate Planning Attorneys
We are pleased to announce that Chip Morrison, Attorney at Law, has been appointed to the Board of Governors of the American Academy of Estate Planning Attorneys. In his new capacity, Chip will serve as an advisor and help guide the direction of the national member organization. He joins eight other attorneys from around the country on the prestigious Board, which is the most important advisory panel to the senior management team at the Academy. Board members participate in research and … [Read more...]
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