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When caring for a new baby, the last thing you want to think about at this time is an estate plan. However, it is worth taking the time to talk to an estate planning attorney about your options. As a new parent, the primary benefit of an estate plan is to ensure your child is…
Many believe estate planning is only necessary if they are married, have children, or possess significant wealth. However, regardless of age or relationship status, estate planning is crucial. Even if you do not have a spouse or children, if you pass away without a plan, your assets will be distributed according to the court’s discretion….
Despite significant progress in women’s education, earnings, and employment, retirement planning remains imbalanced. This has been mainly because women continue to earn less than men on average throughout their careers. This lower income makes it difficult for women to save for retirement, which is compounded by the fact that women tend to live longer and…
Estate planning documents such as a Last Will and Testament and trust are in place to allow individuals to decide what will happen to their property after they pass away. Unfortunately, sometimes these documents do not adequately represent their wishes, especially if these individuals were taken advantage of by a person they trusted. Fortunately, in…
If you believe something feels off about your loved one’s Last Will and Testament, you may think about contesting the document. However, before you take any legal action, it is important to understand what it means to contest a will in Louisiana, whether you have grounds to challenge it, and what happens if a will…
When it comes to estate planning, too often, people forget to consider their government healthcare benefits. However, most of us will need these benefits at some point during our retirement, especially since not everyone will have access to private insurance after we are done working. While Medicaid and Medicare are two types of healthcare programs…
A personal representative in Louisiana, also known as an executor, administrator, or succession representative, is responsible for collecting, preserving, and managing succession property according to state laws. During this succession, the personal representative will be treated as owning all of the property and having the right to enforce all the succession debts. However, because every…
In Louisiana, the law uses the word succession to mean the probate process. As a result, succession refers to the transfer of an individual’s estate to their heirs or successors after they pass away. However, while in theory, this transfer should be straightforward. There are many different types of challenges and disputes that can emerge…
If you cannot pay the approximate $6,000 per month for nursing home care, then you must qualify for Medicaid to pay for your care. Besides having to spend down your assets to $2,000, when you qualify for Medicaid, the Louisiana Department of Hospitals requires you to pay over all your income less your health insurance…
The answer to the question is complicated. Does the person going in the nursing home have an intent to return the home in the event they could leave the nursing home? If the person has an intent to return to the home, then it is considered to be a non-resource. Therefore, the person can keep…
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