If you’re interested in starting a small business, you can do it in any season that you want. Often, business owners simply decide to open based on when the business is ready, when they can secure financing, when they have hired the appropriate staff and things of...
One reason you create an estate plan is to ensure your assets are distributed to your heirs and legatees according to your wishes. However, without proper planning, your loved ones may receive less than you intended. The IRS, creditors and other entities may claim a...
Starting a new company involves many decisions, and one of the most important is choosing the correct type of business formation. The structure you choose impacts your liability, taxes and ability to raise money. Business structures vary, and each has its unique...
A special needs trust (SNT) can be a valuable tool for safeguarding the financial future of a loved one with disabilities. As such, the choice of a trustee for the SNT is crucial as it determines how effectively the trust assets will be managed and disbursed to meet...
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 An out-of-date estate plan can be problematic for you,...
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...
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...
Starting a new business can be an exciting time in anyone's life. Depending on what industry your Louisiana business operates in, you may want this company to sell alcohol. But first, you'll need to get a liquor license, which involves completing a series of important...
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...
When you start up a new business, it’s going to be a difficult process. It’s a good idea to have some advice to follow as you take the firs steps to becoming a Louisiana entrepreneur.. Create a business plan You’ll need to set up the foundation for your business and...