As the Baby Boomer Generation retires and eventually dies, the greatest transfer of wealth will occur and according to many sources, it will dwarf any prior wealth transfer. This transfer gives those anticipated to inherit the wealth a great … [Read more...] about Gen X – This One’s for You (Really Every Generation Should Read This)
Estate Planning
Preserving Family Legacy: Passing Down Farmland in Louisiana
Louisiana has a rich history of generational farmers who have passed down their farming knowledge to the next generation. Louisiana has abundant water sources and fertile soil, sustaining farming traditions for centuries. Louisiana farmers have … [Read more...] about Preserving Family Legacy: Passing Down Farmland in Louisiana
Estate Planning for Single Parents
Everyone needs to plan for the future, especially single parents. Estate planning for single parents involves creating legal documents to protect their children’s future and safeguarding their inheritance. This goal can be accomplished by a wide … [Read more...] about Estate Planning for Single Parents
529 Plans – The “Holy Grail” of Estate Planning
When Estate Planning practitioners talk about the “Holy Grail” of Estate Planning, they generally mean the intentionally defective grantor trust which includes the assets contributed to it in the grantor’s income tax for income purposes but excludes … [Read more...] about 529 Plans – The “Holy Grail” of Estate Planning
The Wonder of Wills
Many Estate Planning attorneys have fielded a question regarding whether an Estate Plan was necessary, or whether a Will is necessary if the client has a Revocable Trust. Let’s settle the debate now. Even in an Estate Plan based upon a Revocable … [Read more...] about The Wonder of Wills
Incapacity Planning and Why You Need It
Life is unpredictable, and we never really know what will happen as we go through our daily lives. There’s always a possibility that you will become incapacitated or unable to handle your responsibilities due to either a mental or physical injury or … [Read more...] about Incapacity Planning and Why You Need It
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
Securing Your Legacy: Essential Estate Planning Tips for Family-Owned Small Businesses in Louisiana
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
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
