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...
In Louisiana, individuals can obtain credit through a facility that allows them to borrow against securities they own, called a securities-backed line of credit (SBLOC). The line of credit provides flexibility similar to a credit card. However, using an SBLOC comes...
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...
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...
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...
If you're looking to become a business owner, you can choose to start a new company or acquire one that is already open for business in Louisiana. The choice that you make will depend on the amount of startup capital you have as well as your confidence in being able...
If you are wondering if there is a way in your estate planning for the heirs of a person who preceded you in death for their family to get their share of the estate, the answer is yes. Using per stirpes instead of per capital allows a person in Louisiana to pass...
Individuals with a high net worth in Louisiana will want to be cautious when preparing their estate plans. Your choices can help your heirs receive more and help your estate pay out less in taxes. Protecting inheritances for heirs Depending on how you structure your...