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If you have an estate plan that includes a living trust, you may want to look into pairing the trust with a pour-over will. This document is often used to ensure that any things or assets you failed to include in your trust will automatically be transferred over to the trust after you die. This…
In Louisiana, if a person passes away without a valid Last Will and Testament, they are considered to have died intestate. This means that their estate will be handled according to the state’s intestate succession laws. In Louisiana, the instate rules distribute a person’s assets to various relatives, starting with the deceased’s children and spouse…
It’s no secret that everyone wants to reduce the amount of paperwork in their lives. However, when it comes to specific documents, keeping them safe may be in your best interest. The last thing you want to do is throw out a critical estate planning document and not have it when you need it most….
In the event of a disaster, such as a flood or a fire, it is crucial to ensure the safety of your vital documents. This is because if your estate planning documents are destroyed, such as your original Last Will and Testament, it can create a number of problems for your loved ones down the…
It may not be the most pleasant thing to think about, but it is important to know your options when it comes to end-of-life care. Estate planning involves two tools: the living will, and the Do Not Resuscitate (DNR) order. Although they both provide instructions and control outcomes during end-of-life situations, they have unique applications…
In the modern digital era, we often store our most treasured belongings in the form of digital files and online accounts. These may include family photos and meaningful personal and business communications, among other things. However, what happens to all of this digital property when you pass away? What Are Digital Assets? A digital asset…
Advance directives are legal documents that outline your preferences regarding medical treatments or appoint someone to act on your behalf in making medical decisions. These documents are called “advance” directives because they are prepared beforehand to ensure that your healthcare providers know your wishes regarding medical care. However, while these documents are critical to have,…
Elder law deals with important matters like housing and care for seniors, long-term or nursing home care, guardianships, healthcare documents, and Medicare and Medicaid. Unfortunately, many people unknowingly make costly mistakes during this planning process, leading to significant headaches and hardships for themselves and their families in the future. That is why it is crucial…
When you name beneficiaries in your Last Will and Testament, trust, or other policies or accounts, you are taking steps to plan for the future and ease a significant burden off your loved ones. However, while naming a beneficiary has various benefits, it is crucial to consider specific issues that can arise with this process….
Ensuring that you have your financial information readily available, prepared, and organized is crucial in case you are unable to do so in the future. This will not only give you peace of mind today, but it will also relieve your loved ones of the burden of having to do so in the future. By…
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