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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…
Going through a divorce can be a difficult experience. It can lead to financial difficulties, and the process of dividing assets can be quite challenging. However, even though it may be the last thing on your mind, it is important to remember your estate plan during this time. If you fail to update your documents…
Trusts are considered to be among the most beneficial planning tools that estate planning attorneys have access to. However, because many individuals do not understand what a trust is or how it can help them, they fail to reap the benefits of this estate planning tool. What Is a Trust? A trust is a legal…
There exists significant confusion regarding the distinction between a living will and a traditional will due to their similar names. However, they are entirely different. A living will primarily pertains to Life Care planning, addressing decisions about medical care in the event of an irreversible terminal condition where death is inevitable regardless of treatment. It…
While a Last Will and Testament is not mandatory, if there is no Will, state laws, also known as laws of intestacy, will determine the distribution of a deceased person’s assets. Unfortunately, this may not align with the decedent’s last wishes or desires, which is why creating a Will is often recommended. To learn more…
Estate planning attorneys are legal professionals who specialize in helping people create legally sound documents and strategies to manage their assets, plan for inheritance, and minimize or avoid taxes upon their passing. They work with clients to draft legal documents, such as a Last Will and Testament, trusts, and power of attorney. However, more importantly,…
Estate planning is a process that involves making decisions for the future regarding your assets, finances, and medical care. However, to ensure that your wishes are carried out properly, it is crucial to have a comprehensive estate plan in place. That is why below, we have prepared an estate planning checklist that is designed to…
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