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It is not uncommon for individuals to transfer their assets to their adult children while they are still alive. They do so because they believe it will simplify things for their loved ones if something should happen to them. However, while there may be legitimate reasons for transferring assets into your child’s name, it can…
Even though many parents assume that their grown, “responsible” child will not require protection if they receive an inheritance, there are situations where protections may be necessary. This is particularly relevant when children face specific risks like lawsuits, creditors, and reckless spending. Thankfully, there are various estate planning tools available to safeguard your assets against…
Planning for retirement is an increasing concern for many individuals who worry that they will need to be incredibly wealthy to stop working and still have enough funds to take care of their needs. Unfortunately, the amount of savings people have has decreased in recent years, causing significant financial stress during retirement, especially when it…
Although estate planning addresses the distribution of assets and property after one’s death, elder law focuses on the legal needs of the elderly. As a result, many people seek the assistance of a Louisiana elder law attorney to navigate the complexities of aging and to plan for the future of a loved one with a…
Louisiana is the only state to enact the law to allow unregulated companies to profit off the benefit claims of disabled American veterans. Under federal law, it is illegal for anyone without VA accreditations, including licensed attorneys, to assist veterans in filing out their disability claims. Getting the accreditation involves a background check, written exam,…
A power of attorney is a crucial legal document that enables another person to act on your behalf when you are unable to do so. This power can be specific to a single activity or broad in its scope. It can also provide permanent or temporary authorization for someone else to act. Regardless of the…
Estate planning attorneys are not just limited to preparing a Last Will and Testament or trust. In most cases, they can assist with a full range of end-of-life arrangements. If you are considering hiring a Louisiana estate planning attorney but want to learn more about their services, this blog post will explain what these legal…
A pooled income trust is a charitable trust created and maintained by a qualified non-profit organization. The trust receives contributions from people, families, or other entities and then invests the contributions to provide dividends for the trust’s beneficiaries. Beneficiaries will then obtain income distributions during their lives. However, after they have passed away, the trust…
As individuals age, they may need additional assistance to meet their needs. Unfortunately, many of these services, such as nursing home care or other assistance programs, can be quite expensive. In some instances, individuals may have to turn to Medicaid to help with these costs. Yet, obtaining Medicaid assistance can be a complicated process with…
When an individual passes away, the ownership of their property and assets will be transferred to their rightful heirs through a legal process known as probate. However, one thing to understand is that in Louisiana, the probate process is unique. For starters, the laws in the state do not technically use the term probate. Rather,…
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