Estate planning is the best way to protect your loved ones from unnecessary financial burdens and ensure that your assets are distributed according to your wishes after your passing. It’s important to regularly update and change your estate plan when … [Read more...] about Marriage, Divorce, and Parenthood: Estate Planning During Life Changes
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What is a Power of Attorney and Why Do I Need One?
You’ve probably heard of a power of attorney, or POA, and wonder what they are used for and how they can benefit you during estate planning. A POA is a legal document that grants legal authorization to another person to act on your behalf. You can … [Read more...] about What is a Power of Attorney and Why Do I Need One?
Choosing the Right Executor for Your Will
Creating a will is usually one of the first steps someone takes during the estate planning process. A well-drafted will can ensure that your assets are properly distributed according to your wishes and allow you to name an executor for your will. The … [Read more...] about Choosing the Right Executor for Your Will
The SECURE Act – the Gift That Keeps On Giving
The SECURE Act of 2019 altered the landscape for IRAs significantly when signed into law. Just when advisors gained a level of comfort with the SECURE Act, the United States Treasury Department issued Regulations in early 2022 requiring RMDs under … [Read more...] about The SECURE Act – the Gift That Keeps On Giving
How to Keep Your Estate Plan Confidential
Privacy is an important factor when planning for your estate. Many people want to keep the details of their estate plans confidential while ensuring their assets are properly distributed according to their wishes when they pass away. Privacy is a … [Read more...] about How to Keep Your Estate Plan Confidential
IRS Confirms Grantor Trust Status Alone Does Not Cause a Step-Up in Basis
The IRS released Revenue Ruling 2023-2 explaining that assets in a trust which is not included in the estate of the decedent don’t receive a “step-up” in income tax basis. This is the case even if the trust is taxed to the grantor for income tax … [Read more...] about IRS Confirms Grantor Trust Status Alone Does Not Cause a Step-Up in Basis
National Make-a-Will Month
Although many Estate Plans have a Revocable Trust as the foundation for the plan, Wills play an important role in a comprehensive Estate Plan. Alarmingly, most Americans don’t have a Will even though they know it’s important. As National Make-a-Will … [Read more...] about National Make-a-Will Month
Protect Your Vacation Home in Louisiana with Estate Planning
Owning a vacation home can be a dream come true for many people. Families often use their secondary home to escape the mundane daily grind, see something different, and create memories with their spouses or children. However, you must carefully plan … [Read more...] about Protect Your Vacation Home in Louisiana with Estate Planning
Caring for Your Furry Companions: Estate Planning for Pet Owners in Louisiana
Caring for pets is an enormous priority for most pet owners. As responsible pet owners, we all want to ensure their happiness even after our life ends. Many pet owners see their pets as family members and want to do everything in their power to … [Read more...] about Caring for Your Furry Companions: Estate Planning for Pet Owners in Louisiana
Estate Planning Considerations for Louisiana Residents with Special Needs Dependents
Estate planning is important for everyone, but even more so for those with special needs dependents in Louisiana. The majority of individuals with special needs will require care throughout their lives. They need emotional support, financial … [Read more...] about Estate Planning Considerations for Louisiana Residents with Special Needs Dependents
