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A Power of Attorney (POA) should be part of everyone’s estate planning documents. However, many people fail to include this document in their plans because they do not know what it is or realize how important it can be for their future. That is why, in this blog post, we will review what a POA…
Dealing with the probate process in Louisiana can be unnerving, especially during emotionally challenging times. That is why it is essential for individuals who have lost a loved one to understand the critical steps involved in probate administration as they navigate the distribution of their estate. In the below article, we will provide a basic…
Estate planning is a crucial and complex process that goes beyond simply dividing your assets when you pass away. It is a thoughtful and intentional approach that aims to protect your family’s financial future, pass on your values to future generations, and create a lasting legacy that reflects your deepest beliefs and aspirations. In the…
Long-term care services can be incredibly costly, and more importantly, these costs are usually not included in most health insurance plans. That is why it is critical that individuals plan ahead and consider Medicaid planning as an option when it comes to long-term care planning. In the following article, we will discuss Medicaid planning in…
Louisiana, like many other states, has a specific set of rules that apply if a person passes away without a Last Will and Testament (Will). These rules are known as the default rules of Louisiana succession. While some may find these default rules sufficient to carry out their last wishes, it is recommended that everyone…
Hurricane season can impact anyone, and disasters can strike at any time. That is why if you live in an area prone to storms, it is important to prepare not only your home for these disasters but also other critical aspects of your life, such as your estate plan. Although we cannot predict when or…
Going through a divorce can be a difficult experience. It can lead to financial difficulties, and the process of dividing assets can be quite challenging. However, even though it may be the last thing on your mind, it is important to remember your estate plan during this time. If you fail to update your documents…
Trusts are considered to be among the most beneficial planning tools that estate planning attorneys have access to. However, because many individuals do not understand what a trust is or how it can help them, they fail to reap the benefits of this estate planning tool. What Is a Trust? A trust is a legal…
There exists significant confusion regarding the distinction between a living will and a traditional will due to their similar names. However, they are entirely different. A living will primarily pertains to Life Care planning, addressing decisions about medical care in the event of an irreversible terminal condition where death is inevitable regardless of treatment. It…
While a Last Will and Testament is not mandatory, if there is no Will, state laws, also known as laws of intestacy, will determine the distribution of a deceased person’s assets. Unfortunately, this may not align with the decedent’s last wishes or desires, which is why creating a Will is often recommended. To learn more…
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