Estate Planning

A pooled trust is a legal arrangement that combines the financial resources of multiple individuals with disabilities into separate accounts. These trusts are similar to a bank in that they manage individual account holders’ assets. This pooling of resources allows individuals with disabilities and older adults to protect their eligibility for government benefits, such as…

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…

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…

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,…

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…

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…