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When you name beneficiaries in your Last Will and Testament, trust, or other policies or accounts, you are taking steps to plan for the future and ease a significant burden off your loved ones. However, while naming a beneficiary has various benefits, it is crucial to consider specific issues that can arise with this process….
Ensuring that you have your financial information readily available, prepared, and organized is crucial in case you are unable to do so in the future. This will not only give you peace of mind today, but it will also relieve your loved ones of the burden of having to do so in the future. By…
In Louisiana, the legal process of transferring property ownership after death is called succession. However, while succession ensures property is transferred to the rightful heirs, it is not always necessary in Louisiana. In the below post, we will walk you through everything you need to know about probate (succession) in Louisiana. What Is Succession? In…
Elder law, as defined by the National Elder Law Foundation (NELF), is the legal practice of advising and representing older individuals and those with special needs, as well as their representatives, on various issues such as financial planning and long-term care. However, if you are looking for more information regarding elder law or want further…
Although many people tend to believe that estate planning is only for the wealthy, the truth is that almost everyone has an estate. This is because an estate refers to anything you own, including your home, motor vehicle, investments, personal property, and financial accounts. What’s more, a solid estate plan can do more than just…
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects a patient’s privacy by creating national standards for safeguarding sensitive patient information from being released. Under HIPAA, however, the release of medical details to a patient and their personal representative is allowed. Medical providers may also be permitted to…
If you have a loved one who is mentally or physically disabled, you probably want to know what options you have when it comes to taking care of them in the future, especially when it comes to leaving them an inheritance. This is because it is not uncommon for those with special needs to require…
Louisiana offers various estate planning options, including irrevocable trusts, which are widely used for asset protection and tax planning purposes, regardless of income level. It is worth noting that there are different variations of these trusts available, allowing individuals to choose the one that best suits their specific needs. What Exactly Is an Irrevocable Trust?…
If you are considering creating an estate plan in Louisiana, you likely have numerous questions about your options and which plans will best protect your family and assets. However, when you work with an experienced Louisiana estate planning attorney, you do not have to figure out these answers alone. Instead, these legal professionals can decide…
Elder law tends to cover a wide range of financial and legal matters that affect senior citizens and disabled individuals. However, the laws that apply to these matters are usually complex and frequently subject to change. If you want to make sure you stay ahead of this ever-changing legal landscape and are able to prepare…
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