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Estate Planning Tips for Seniors in Louisiana

Estate planning for seniors involves carefully organizing and managing personal assets and affairs to ensure their distribution aligns with individual goals and needs. This planning process includes creating various legal documents, such as a Last Will and Testament, trusts, and durable power of attorney forms, which facilitate smooth asset transfers and authorize decision-making in the…

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Setting Up a Special Needs Trust in Louisiana: What You Need to Know

Louisiana families with a disabled member must plan for the future with care. The distribution of assets after your passing can significantly impact your loved one’s quality of life and their access to crucial services. To safeguard the well-being and stability of a loved one with disabilities, creating a detailed and thorough estate plan is…

The Difference Between a Will and a Trust in Louisiana

The Difference Between a Will and a Trust in Louisiana

Individuals with straightforward estates may not need complex estate plans. Often, a simple Last Will and Testament can meet people’s needs and shield the estate from intestacy, which occurs when someone dies without a valid Will. However, a basic Will may not adequately address the complexities of larger or more diverse estates. Consequently, for many…

How Much Does an Estate Have To Be Worth To Go To Probate in Louisiana?

How Much Does an Estate Have To Be Worth To Go To Probate in Louisiana?

Probate is a legal procedure that organizes the distribution of a deceased individual’s assets to designated beneficiaries or heirs. It also settles any outstanding debts, such as loans or credit obligations, along with relevant taxes. Various factors influence the necessity of probate for an estate, including its total value, the presence of a Last Will…

How Do I Avoid Probate in Louisiana?

How Do I Avoid Probate in Louisiana?

In Louisiana, the transfer of property ownership after a person’s death is known as succession or probate. This important legal process helps distribute the decedent’s assets—such as real estate, bank accounts, and personal belongings—to their legally recognized heirs. Consequently, succession typically involves identifying and confirming the heirs but may also necessitate compliance with various legal…