When it comes to estate planning, most people focus on the big-ticket items like the family home, bank accounts and investments. This makes it easy to lose track of certain assets. It could be a forgotten savings account, an old stock certificate or even a piece of...
An estate plan is an important tool for ensuring that you carry out your wishes and provide for your loved ones. However, creating an estate plan is only part of the process. Failing to communicate its existence or contents to the right people can cause confusion,...
In most cases, if there’s a challenge to a will or estate plan, it comes from someone who is included in the plan. For example, if siblings are given unequal bequests, the sibling who receives less may contest the will, arguing that the division should be equal and...
Becoming a grandparent is a momentous occasion that often brings joy and a sense of legacy to families. As you welcome a new generation, it may be a good time to think about how you want to protect and pass on your assets. Estate planning can help ensure that your...
In the United States, the Great Wealth Transfer has already begun for many families, but it is not expected to conclude until around 2045. As such, many people are still planning for the future impact this monumental shift will have. The Great Wealth Transfer refers...
Estate planning is changing, and millennials are leading the way. Unlike previous generations, millennials are taking unique approaches to their financial future, influenced by their values and the digital age. Understanding these differences helps reveal how estate...
Louisiana has some of the most complex inheritance laws in the United States. That has to do mainly with the competing European interests of France and Spain when the state was just a territory. But it remains the only state wherein there is forced heirship. However,...
If you have created your estate plan, then you have done more than most people. The truth is that some two-thirds of Americans don’t have one. However, that’s not the end of the story. A good estate plan reflects your current circumstances and wishes. It should not be...
Choosing the right executor for your will is crucial, as this person will be responsible for managing your estate and ensuring your final wishes are carried out. The role is significant, and it can be demanding. Making the wrong choice can lead to unnecessary stress...
Receiving a significant inheritance can change your financial situation. It's important to update your estate plan to reflect these changes. It is helpful to understand how to ensure your estate plan stays current and effective in Louisiana. Update your will Your will...