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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…
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…
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…
The industrialist and philanthropist, John D. Rockefeller, rose from his humble beginnings as an assistant bookkeeper for a Cleveland commission merchant, to become one of the wealthiest men in the United States. He is considered to be one of the richest people in history. Rockefeller founded Standard Oil Company, which now know today as Exxon…
Louisiana’s laws differ from most states, as it’s based on French common law. This is one reason why legal terms are so different in Louisiana. For example, in most states, when a person passes away, their estate enters into a court-supervised process called probate. Probate is the legal process of distributing the deceased person’s assets…
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