Understanding the Difference Between Executors, Administrators, and Trustees

Louisiana trust and estate planners encounter three common legal roles regularly, the roles of Executor, Administrator, and Trustee. Clients often confuse these roles because the rights and responsibilities of the Executor, Administrator, and Trustee are similar. Additionally, the same person(s) often fills more than one of these roles simultaneously. For these reasons, examining the sometimes subtle differences between the three roles carries value for clients and potential clients. First, let's look at the role of Executor in Louisiana. Executors Executor is a term referring specifically to a person or entity named in your Last Will and Testament. The Executor is [...]

By |2023-03-03T10:38:24-06:00March 3rd, 2023|0 Comments

2023 Medicaid Asset Limits Released

Aging Louisiana residents often wonder what will happen if they fall ill late in life and need long term care. So many hear horror stories about friends, neighbors and relatives who lose their entire life savings paying between $5,000 and $10,000 per month on nursing homes, assisted living facilities, and in home care options. Many learn too late that Medicare does not pay for long term care services. This begs the question, do any options exist for individuals who prefer preserving their wealth for the next generation? Can any programs offset the immense burden long term care expenses place on [...]

By |2023-03-01T09:58:14-06:00March 1st, 2023|0 Comments
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