There are many in which one might face a need to relocate, whether this stems from a change of employment or a desire to move closer to family. Moving to a new state is a type of life change that might prompt a need to revisit one’s estate planning goals. Individuals who are moving from or to Louisiana might find it helpful to seek insight on vital topics to address regarding options such as trusts and whether any modifications may be necessary.
Experts indicate that there may be numerous factors to address when those with a revocable living trust choose to relocate to another state, such as:
Married couples who are moving to Louisiana may also benefit from addressing community property laws and seeking advice on how these laws might apply to their situations.
This may only be a brief list of factors to address regarding estate planning options such as trusts when relocating to a new state. Individuals who are moving to or from Louisiana and wish to seek advice in protecting their plans and goals might benefit from retaining the services of an attorney for assistance in the process. An attorney can work with a client in determining whether any modifications may be required and assist in taking the necessary steps to safeguard his or her future interests.