One reason you create an estate plan is to ensure your assets are distributed to your heirs and legatees according to your wishes. However, without proper planning, your loved ones may receive less than you intended. The IRS, creditors and other entities may claim a...
Baton Rouge Legal Blog
Choosing the right business formation for your new company
Starting a new company involves many decisions, and one of the most important is choosing the correct type of business formation. The structure you choose impacts your liability, taxes and ability to raise money. Business structures vary, and each has its unique...
3 factors to consider when choosing a special needs trust trustee
A special needs trust (SNT) can be a valuable tool for safeguarding the financial future of a loved one with disabilities. As such, the choice of a trustee for the SNT is crucial as it determines how effectively the trust assets will be managed and disbursed to meet...
Don’t overlook estate planning when you divorce
Divorcing will involve a lot of big changes. It’s also going to require a lot of time and effort. Thus it can be easy to overlook that you also need to update your estate plan to reflect your single-again status. An out-of-date estate plan can be problematic for you,...
Can you disinherit your child in Louisiana?
Some states are pretty flexible about allowing you to disinherit your adult children. They figure it is your money, so you can make the choices you wish. Louisiana is not one of those states, and it is rather specific about why a parent can disinherit their adult...
3 qualities an executor of an estate needs
Designating someone to execute your estate when you die is one of the things a comprehensive estate plan should achieve. The position carries a lot of responsibility, and making a poor choice now could cause problems for your loved ones later. Here are a few qualities...
How you can obtain a liquor license for your Louisiana business
Starting a new business can be an exciting time in anyone's life. Depending on what industry your Louisiana business operates in, you may want this company to sell alcohol. But first, you'll need to get a liquor license, which involves completing a series of important...
Addressing debt in estate planning
As people age, they may begin to take estate planning seriously. Planning involves examining assets and liabilities. Estate planners in Louisiana might find that debt negatively impacts their intended plans. Older people may have more serious concerns because they may...
5 tips for starting a new business
When you start up a new business, it’s going to be a difficult process. It’s a good idea to have some advice to follow as you take the firs steps to becoming a Louisiana entrepreneur.. Create a business plan You’ll need to set up the foundation for your business and...
4 reasons to choose an LLC for your Louisiana business
Choosing the right business structure is crucial for your Louisiana venture. Look beyond the usual suspects and discover the hidden gem: the limited liability company (LLC). Here are some reasons why it is a great choice. Limited liability The core advantage of an LLC...