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
Estate Planning
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
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
R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan
Individuals often have reservations about seeking out an attorney’s help with their Estate Plan. Sometimes they worry about the cost, other times they think that they can do it on their own, and sometimes they die before the thought of creating an … [Read more...] about R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan
Considerations for LGBTGIA+ Estate Planning
Members of the LGBTGIA+ community often face challenging circumstances when it comes to estate planning. Careful attention must be given when establishing a comprehensive estate plan to plan for any pitfalls or deficiencies in the law. Estate … [Read more...] about Considerations for LGBTGIA+ Estate Planning
Why Freelance Workers Need Estate Planning
Freelance workers, or freelancers, are independent contractors that often work for multiple companies simultaneously. They are considered self-employed or independent contractors by most companies that employ them for their expertise in a particular … [Read more...] about Why Freelance Workers Need Estate Planning
How to Include Cryptocurrency in Your Louisiana Estate Plan
If you are a Louisiana resident who holds cryptocurrency, including it in your estate plan is essential. Cryptocurrency is a valuable digital asset, just like traditional assets such as stocks and real estate. However, because of its unique nature, … [Read more...] about How to Include Cryptocurrency in Your Louisiana Estate Plan
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
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
