Serious senior woman talking on smartphone and reading document

Crisis Planning vs. Pre-Planning for Long-Term Care: What Louisiana Residents Need to Know

As we age, planning for long-term care becomes a critical part of securing our health, finances, and legacy. In Louisiana, where the costs of assisted living or nursing home care can be substantial, understanding the differences between crisis planning and pre-planning is essential. Both approaches are designed to help families navigate long-term care challenges, but…

elder financial abuse

What Is Elder Financial Abuse?

Financial elder abuse occurs when individuals exploit older adults for their financial resources. This can involve family members, caregivers, business associates, or even strangers taking advantage of the trust placed in them. Tactics used in financial elder abuse include the unauthorized use of a senior’s assets, obtaining power of attorney through deceitful means, or committing…

pooled income trust

Is a Pooled Income Trust Right for You?

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…

living will

Understanding the Nuances of a Will vs. a Living Will

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…