CALL 225.224.8099 TODAY TO JOIN A FREE TWO HOUR EDUCATIONAL EVENT. The COVID19 pandemic is REAL and Louisiana is one of the hotbeds of this invisible killer. In order to protect ourselves and the good health and safety of others, we are all washing our hands like never before; wearing face masks; and keeping our […]
Whose Fault When The Nursing Home Takes It All? I met with an amazingly nice couple recently. What I asked them what their main concerns were, they jumped out of their seat and told me that their #1 concern was that they wanted to avoid losing what they had to the nursing home. You see […]
Both this morning and yesterday afternoon I dealt with a couple of families and both of those families owned several different tracks of real estate, but what made it easier for them to manage this during their life time and to leave it to their children was they owned those real estate pieces inside of […]
Years ago, the term “estate planning” was a term that described how the wealthy left their many belongings to their heirs. It seemed inappropriate to say that you had an “estate,” when you were struggling to make sure you have enough money to make it through your golden years comfortably. But now virtually everybody has […]
The divorce rate is higher now than it was 30 or 40 years ago. While it’s uncommon for a couple that has been married for 40+ years to get divorced, it is common that one or more of their children will be getting divorced. By definition, an inheritance that your child receives is his or […]
I speak with folks all the time, and they feel comfortable sharing their “good, bad and ugly” attorney stories with me. Unfortunately for them—they learned the “hard way”. For what it’s worth, here are some tips on finding the right estate planning attorney for you and your family: Work with an attorney […]
The Revocable Living Trust is used primarily as a Succession avoidance tool in Louisiana. If your assets are titled in your name when you die, your assets titled in your name will be frozen, and your family will have to go through a Succession and obtain court orders, which orders banks, financial institutions, and others […]
Individuals with certain disabilities can receive cash benefits and medical coverage from various government programs. In order to qualify for these benefits, the individual’s income and resources must not exceed certain levels. If a parent leaves a bequest to a special needs child, the inherited assets may preclude the child from receiving the benefits. The […]
While trusts can be confusing at first to the lay person, trusts can be a valuable estate planning tool. Common types of trusts in Louisiana include: • Revocable living trusts. Becoming increasingly popular for Louisiana residents because it allows families to avoid the court-supervised Succession procedure at death and provides for a faster and less-costly […]
The tax that often creeps up and bites people is the capital gains tax. Capital gains tax is paid when you sell an asset that has appreciated in value. For example, if you buy stock for $20,000 and later sell the stock for $100,000, you will have $80,000 of capital gain and you must pay […]