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...
Baton Rouge Legal Blog
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...
How to create an estate plan for retirement
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...
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...
How startups get funding to launch and grow their companies
Entrepreneurs in Louisiana have the ideas and energy to create new businesses. Sometimes people have the personal funds to finance their business dreams. Launching a startup with your own money gives you the greatest level of control, but you likely do not have...
Tips for operating a seasonal business
Seasonal businesses can be both profitable and difficult to run in Louisiana and around the country. They often have massive profits from holidays and the days and weeks surrounding holidays. Profits from that period are supposed to last for much of the year. As a...
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...
Louisiana’s new business incentives
When you start a business in Louisiana, the government can help you grow with various incentives, tax credits and other benefits. However, this help is not always easy to find and access. Here are some types of incentives and what it takes to get them. Enterprise zone...
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...