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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,…
Beneficiaries who receive benefits from programs like Medicaid or Supplemental Security Income (SSI) may be at risk of losing those benefits if they receive money from an accident settlement or inherit money. This is because their income may exceed the thresholds set by these government programs. However, there are ways that individuals can protect these…
Leaving an inheritance for your children does not have to be difficult or complicated. With proper planning and the right tools, you can secure your children’s financial future and maximize their benefits without stress. In the below blog post, we will discuss how you can maximize the inheritance you leave for your children and also…
In Louisiana, seniors have many options when it comes to their living situation as they age, from home sharing to setting up roots in new communities that provide a full range of support services. However, the issue that individuals run into with these choices is that they simply wait too long to make plans, which…
A Power of Attorney (POA) should be part of everyone’s estate planning documents. However, many people fail to include this document in their plans because they do not know what it is or realize how important it can be for their future. That is why, in this blog post, we will review what a POA…
Dealing with the probate process in Louisiana can be unnerving, especially during emotionally challenging times. That is why it is essential for individuals who have lost a loved one to understand the critical steps involved in probate administration as they navigate the distribution of their estate. In the below article, we will provide a basic…
Estate planning is a crucial and complex process that goes beyond simply dividing your assets when you pass away. It is a thoughtful and intentional approach that aims to protect your family’s financial future, pass on your values to future generations, and create a lasting legacy that reflects your deepest beliefs and aspirations. In the…
Long-term care services can be incredibly costly, and more importantly, these costs are usually not included in most health insurance plans. That is why it is critical that individuals plan ahead and consider Medicaid planning as an option when it comes to long-term care planning. In the following article, we will discuss Medicaid planning in…
Louisiana, like many other states, has a specific set of rules that apply if a person passes away without a Last Will and Testament (Will). These rules are known as the default rules of Louisiana succession. While some may find these default rules sufficient to carry out their last wishes, it is recommended that everyone…
Hurricane season can impact anyone, and disasters can strike at any time. That is why if you live in an area prone to storms, it is important to prepare not only your home for these disasters but also other critical aspects of your life, such as your estate plan. Although we cannot predict when or…
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