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 An out-of-date estate plan can be problematic for you,...
Baton Rouge Legal Blog
Estate Planning
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...
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...
How to avoid the lowering lifetime gift tax exemption cap
Estate planning in Louisiana can be difficult. There are many laws to consider in how you decide to distribute your estate to your heirs. What can make it even worse is the fact that laws continue to change. Changes in the legal code or legal precedent can have a...
The importance of talking to your parents about estate planning
Few people are eager to have a conversation about estate planning, but it is important to talk to your Louisiana parents about the topic. There are a number of things that you need to know, including whether they are going to need financial help from you as they get...
Adapting your estate plan for a blended family in Louisiana
When it comes to estate planning, having a blended family in Louisiana can present unique challenges. However, by being informed and taking steps to protect your heirs, you can create a plan that meets everyone's needs while also ensuring that your wishes are...
How to divide your family heirlooms in an estate plan
If you live in Louisiana and are creating an estate plan, you may find that you have possessions besides the usual property, such as a home and various investments, that also have value. Whether this is monetary value, sentimental value or both, failing to address...
Discussing estate planning matters during the holidays
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...
Common estate planning mistakes to avoid
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...