Estate Planning

Estate planning is essential for safeguarding assets and loved ones following a person’s passing. Yet, potential pitfalls can result in costly errors and increased stress, typically stemming from oversights or inadequate planning. In the following post, we will examine some common estate planning mistakes people make and provide guidance on how to steer clear of…

Receiving a diagnosis of Alzheimer’s or a similar form of dementia can be daunting. However, taking proactive measures now can help mitigate future difficulties. This disease gradually disrupts cognitive functions, impacting daily activities for both the person affected and their caregivers. Planning ahead allows you to make informed choices concerning healthcare, finances, and end-of-life wishes,…

As a parent, you know your child will always hold a special place in your heart. However, it is important to understand that your child legally becomes an adult at midnight on their eighteenth birthday. This significant milestone not only opens the door to new opportunities and responsibilities for your child but also brings substantial…

A pooled trust is a legal arrangement that combines the financial resources of multiple individuals with disabilities into separate accounts. These trusts are similar to a bank in that they manage individual account holders’ assets. This pooling of resources allows individuals with disabilities and older adults to protect their eligibility for government benefits, such as…

It is not uncommon for individuals to transfer their assets to their adult children while they are still alive. They do so because they believe it will simplify things for their loved ones if something should happen to them.  However, while there may be legitimate reasons for transferring assets into your child’s name, it can…

Even though many parents assume that their grown, “responsible” child will not require protection if they receive an inheritance, there are situations where protections may be necessary. This is particularly relevant when children face specific risks like lawsuits, creditors, and reckless spending. Thankfully, there are various estate planning tools available to safeguard your assets against…

Planning for retirement is an increasing concern for many individuals who worry that they will need to be incredibly wealthy to stop working and still have enough funds to take care of their needs. Unfortunately, the amount of savings people have has decreased in recent years, causing significant financial stress during retirement, especially when it…

Estate planning attorneys are not just limited to preparing a Last Will and Testament or trust. In most cases, they can assist with a full range of end-of-life arrangements. If you are considering hiring a Louisiana estate planning attorney but want to learn more about their services, this blog post will explain what these legal…

As individuals age, they may need additional assistance to meet their needs. Unfortunately, many of these services, such as nursing home care or other assistance programs, can be quite expensive. In some instances, individuals may have to turn to Medicaid to help with these costs. Yet, obtaining Medicaid assistance can be a complicated process with…

When an individual passes away, the ownership of their property and assets will be transferred to their rightful heirs through a legal process known as probate. However, one thing to understand is that in Louisiana, the probate process is unique. For starters, the laws in the state do not technically use the term probate. Rather,…