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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…
While discussing future plans for when you pass away is not the easiest conversation to have, it is an important one. What’s more, these discussions should start way sooner than you may expect. In fact, to properly manage the details of your life and help your loved ones ensure your wishes are carried out, estate…
Estate planning is a great way to come up with a plan for the future, figure out how to manage assets and affairs during your lifetime, and provide your loved ones with a plan they can reference when you can no longer do so for yourself. However, with all the benefits that estate planning can…
A gun trust is used primarily to help pass firearm ownership to other individuals when the gun owner dies. Not only are there numerous benefits of these gun trusts, especially in Louisiana, but these trusts also allow gun owners to have peace of mind that their guns are going to people they can rely on….
To be fully protected for medical issues, ever person needs a health care power of attorney, advance medical directives, and a living will. Without the advance medical directives , you lose control over your medical decisions in the event of incapacity. The only way to maintain control if you cannot communicate is to have instructions…
All parents worry about their children, especially when it comes to their future. However, when a parent has a child with disabilities or special health care needs, this worry can involve numerous other concerns, such as who will take care of their child when they are gone, where their child will live, and who will…
Your will or trust does not determine who inherits your IRAs, 401(k)s , pensions, annuities, life insurance, transfer on death accounts, payable on death accounts and health saving accounts . The above mentioned accounts are inherited by the beneficiaries named in the account, contract, account application, or beneficiary designation form. We have had estate planning…
As you age or have a loved one that is getting older, it is important to be aware of the challenges seniors may face regarding housing, financial well-being, long-term care, and health care. Yet, while these issues may seem overwhelming, especially if you handle them yourself, they don’t have to be. When an experienced Louisiana…
While both estate planning and elder law help ensure a person’s affairs are taken care of, there are actually major distinctions between the two. In the below guide, we will go over these differences and show you how each one can impact your future. What Is Elder Law and Estate Planning Both elder law and…
Estate planning is critical in ensuring your wishes are carried out when you pass away or cannot make decisions for yourself. Without it, your assets can end up in the legal system for years, resulting in an unnecessary financial burden on your family, who will be left sorting out the mess. However, if you do…
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