Inheritance planning for family-owned businesses requires a multi-layered approach, and there are a few tools that can help you get there. Let's take a look at the inherent challenges that make this type of planning more complex than the standard … [Read more...] about Inheritance Planning for Family-Owned Businesses
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Estate Planning Protections for Unprepared Heirs
When you build an estate plan, your primary focus rests on protecting the property you worked hard to accumulate. However, leaving a substantial lump-sum inheritance directly to an heir who lacks financial maturity can create unnecessary … [Read more...] about Estate Planning Protections for Unprepared Heirs
Living Trust vs. Simple Will: Let the Facts Guide You
When you begin building an estate plan in Louisiana, you quickly run into two primary options for distributing your property: a simple will and a living trust. Both tools allow you to decide who receives your assets after you pass away, but they … [Read more...] about Living Trust vs. Simple Will: Let the Facts Guide You
Consider an LLC or FLP for Small Business Asset Protection
Running a business or managing real estate comes with regular financial risk. Whether you operate a commercial contracting company, manage residential rental properties, or practice in a high-liability professional field, a single lawsuit can … [Read more...] about Consider an LLC or FLP for Small Business Asset Protection
Incapacity Planning: Understanding Powers of Attorney
When you think about estate planning, your mind probably jumps straight to what happens after you pass away. You think about who gets the house, how your bank accounts will be divided, and who will receive your personal keepsakes. However, a … [Read more...] about Incapacity Planning: Understanding Powers of Attorney
Why Having a Will Does Not Avoid Succession in Louisiana
Creating a will is one of the most important steps a person can take when preparing an estate plan. A will can identify who should inherit property, name the person responsible for handling the estate, and provide instructions for carrying out the … [Read more...] about Why Having a Will Does Not Avoid Succession in Louisiana
Inheriting an IRA in Louisiana: What Beneficiaries Need to Know
Individual retirement accounts can represent a significant portion of a person's accumulated wealth. Inheriting an IRA in Louisiana involves specific beneficiary and tax rules, since these accounts do not necessarily transfer in the same way as a … [Read more...] about Inheriting an IRA in Louisiana: What Beneficiaries Need to Know
Still Fighting: The Estate Planning Legacy of Shannen Doherty
Shannen Doherty spent years fighting breast cancer with courage and candor. In her final days, she also fought to finalize her divorce – signing the settlement just one day before she died. More than a year later, her estate is still fighting to … [Read more...] about Still Fighting: The Estate Planning Legacy of Shannen Doherty
Declare Your Independence From Intestacy
Every Fourth of July, we celebrate the right to determine our own destiny. Yet many Americans leave some of life's most important decisions to state intestacy laws by failing to create an Estate Plan. This Independence Day, learn why declaring your … [Read more...] about Declare Your Independence From Intestacy
What Happens to a Loved One’s Debts After Death?A Louisiana Guide for Families
When a family member passes away, the first conversations usually center on who inherits — the house, the bank accounts, the keepsakes. That focus is natural. But a Louisiana succession raises another question families often overlook. What does the … [Read more...] about What Happens to a Loved One’s Debts After Death?A Louisiana Guide for Families
