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...
Baton Rouge Legal Blog
Estate Planning
Spendthrift trusts can protect beneficiaries from themselves
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...
Estate planning tips for new grandparents
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...
Estate planning for growing families
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...
Three important situations where advance directives are crucial
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...
7 Key estate planning steps for a successful plan
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...
Why you should periodically review your estate plan
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...
Estate planning techniques for safeguarding your assets
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...
Steps for creating a living trust in Louisiana
Louisiana estate law allows for several methods you can use to efficiently transfer your assets to your heirs. One way to transfer your assets is the creation of a living trust. It involves creating a legal document through which you name beneficiaries to receive...
Mid-life estate planning tips
Historically, Louisiana residents in their 30s would be looking into starting their estate plans. By their 50s, it would just need yearly maintenance. However, studies show that middle-aged adults aren’t creating estate plans at that age. Less than 23 percent of...