Members of the Silent and Baby Boom generations are expected to transfer more than $80 trillion in assets to their heirs in the next two decades. Financial experts in Louisiana and around the country have named this passing of assets the Great Wealth Transfer, and it...
Estate planning isn’t always a pleasant topic, but it’s a necessary step for all Louisiana adults. It’s the best way to prepare for the future and protect your family and assets. However, everyone is human and makes mistakes; these are some to avoid when planning your...
If you are planning to retire soon and don't have an estate plan yet, the best time to create one is now. An estate plan in Louisiana plans for unexpected events, such as an accident that puts you in a coma or leads to your death. Convert your 401(k) to a Roth IRA An...
Louisiana residents who have worked hard and saved diligently often worry about leaving large sums to beneficiaries who are very young, have problems with drugs or alcohol, or have acted irresponsibly with money in the past. Spendthrift trusts allow their creators to...
Welcoming a grandchild into the world is a significant life event that should trigger a review of your estate plan. For instance, you may have thought about selling your Louisiana home after retirement. However, now, you may want to consider keeping the home and...
Having a child means big changes to your life whether you expected the addition to your family or not. Of course, if you weren't expecting a child, you may not have been thinking about the ways that having one might impact your estate plan. For example, you'll want to...
Life in Louisiana can be unpredictable. Sometimes, life's unpredictability can lead you or a loved one to become medically incapacitated. When incapacitation happens, it leaves someone unable to make decisions for themselves. Fortunately, advance directives help...
Whether you live in Louisiana or elsewhere, estate planning is crucial. The process allows individuals to ensure their assets and affairs receive the management and care they desire after they pass away. While contemplating your passing may not seem pleasant, a...
Many Louisiana residents sit down annually with their financial planner or investment professional to review their economic progress. Yet sometimes, these same people rarely update their estate plans. Regular review of your estate documents is crucial to realizing...
Estates are like snowflakes: no two are exactly alike. But there are some tried-and-true techniques you can use to make sure your Louisiana assets are in the right hands when you’re gone. Here are a few tips to help your estate planning go smoothly: Communication is...