As a family-owned small business owner, you have worked countless hours to build and grow your business. However, have you considered what will happen to your business when you are no longer around? Estate planning is essential to securing your … [Read more...] about Securing Your Legacy: Essential Estate Planning Tips for Family-Owned Small Businesses in Louisiana
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What It Means to Disclaim
Disclaimers are an effective Estate Planning tool for the Trust and Estate Practitioner. They allow the disclaimant to alter an Estate Plan if they follow the statutory requirements exactly. Disclaimers can be tricky but when used correctly, achieve … [Read more...] about What It Means to Disclaim
Understanding and Manipulating Estate and Gift Taxes
Most everyone knows that each American can pass nearly $13 million in assets before worrying about an estate tax. In addition, it’s possible to pass an unlimited amount to a spouse without incurring any tax. Of course, to obtain the benefit of the … [Read more...] about Understanding and Manipulating Estate and Gift Taxes
Creating Your Legacy: A Louisiana Estate Planning Workshop
If you are a resident of Louisiana, it is essential to plan your estate correctly. Estate planning is a critical process that ensures your assets are distributed the way you want after passing. Unfortunately, many procrastinate in estate planning, … [Read more...] about Creating Your Legacy: A Louisiana Estate Planning Workshop
The IRS’ Annual Warning: The 2023 Dirty Dozen
As another tax season closes, it’s a good time to review the list of “Dirty Dozen” tax schemes published by the Internal Revenue Service for the year. Many of these schemes peak during tax time and involve fraudsters looking for ways to steal … [Read more...] about The IRS’ Annual Warning: The 2023 Dirty Dozen
The Joy in Joint Trusts
Joint trusts offer clients many benefits both during life and after death. Those with joint trusts need to understand the limitations inherent in the trust and the importance of seeking qualified counsel upon the death of the first spouse to ensure … [Read more...] about The Joy in Joint Trusts
Protecting Your Assets: The Legal Framework for Intellectual Property Estate Planning in Louisiana
As a business owner or creator of intellectual property assets in Louisiana, ensuring your assets are protected and transferred according to your wishes after your death is essential. This requires a clear understanding of the legal framework for … [Read more...] about Protecting Your Assets: The Legal Framework for Intellectual Property Estate Planning in Louisiana
When Should I Shred My Important Documents?
It’s spring! And the perfect time to clean your desk and file cabinets. But with that comes the question… What Documents Can You Dispose of and What Should You Keep? Here are some basic guidelines to help you get started: Tax Returns As a … [Read more...] about When Should I Shred My Important Documents?
Strategies for Securing Your Digital Assets in Louisiana with Estate Planning
Estate planning is the process of making decisions on how your assets will be distributed after your death. Ensuring that your estate plan includes provisions for your digital assets is crucial. These can include your social media accounts, email … [Read more...] about Strategies for Securing Your Digital Assets in Louisiana with Estate Planning
How Tax and Non-Tax Considerations Impact Estate Planning – Part II
People often believe that Estate Planning is a “simple” process designed only for those whose estates will exceed the Applicable Exclusion Amount of $12.92 million in 2023. That myopic view causes many who should undertake Estate Planning to skip it … [Read more...] about How Tax and Non-Tax Considerations Impact Estate Planning – Part II
