Guidance In Preparing Wills And Trusts
There is no reason not to have a will. Even if your assets are minimal, this affordable document allows you to appoint people to handle your affairs when you are gone and look after your children, in addition to specifying other matters. Trusts are highly useful tools for minimizing taxes and providing clarity of your wishes to those left behind. Let our firm show you how wills and trusts can benefit you and your loved ones.
Too many people die without a will. The laws of the state of Louisiana then dictate what happens to property and assets. Our firm can not only explain the benefits, but also draft a will that avoids confusion and potential conflict among your family members and beneficiaries. We can also represent you if such a dispute has already arisen after the loss of a family member.
Careful And Precise Preparation Of Wills And Trusts
Trusts serve a wide variety of purposes. As an example of a specific purpose a trust can serve, a spendthrift trust holds assets for the benefit of someone not sufficiently responsible to handle a large sum of money or high-value assets. This may be due to youth, a gambling problem, or addiction.
Trusts can be revocable or irrevocable. A revocable trust can be canceled or changed by you at any time. Should you die suddenly before doing so, the assets in the trust become the property of the person or charity you designated. No estate tax is applicable because the funds are not part of the estate.
An irrevocable trust is one you create during your life that you cannot change. It has the added advantage of being safe from Medicaid calculations. The funds are not counted in a way that would affect your receipt of benefits.
An Estate Planning Attorney Here To Serve You
Ezell Law Firm, LLC, values its clients and our community. We take great satisfaction in explaining, in plain terms, how the law can benefit you and your family. Together, our lawyers have over 40 years’ experience. If you need the assistance of an established law firm with an impeccable reputation, we encourage you to contact us in Ascension or surrounding areas. We are happy to offer a phone consultation. Please call 225-763-2272 or 888-511-8717 toll-free to reach our Baton Rouge office.