27 01, 2020

Medicaid Planning in Louisiana: Part 1 – Why Engage In Medicaid Planning?

By | 2020-01-27T15:49:07-06:00 January 27th, 2020|0 Comments

With the assistance of Legacy Law Center, many Louisiana residents engage in a practice known as Medicaid Planning. However, many who hear about this strategy carry little knowledge of what it is, and how it works. So what is Medicaid Planning? Simply put, Medicaid Planning in Louisiana is a strategy whereby individuals intentionally shift assets out of their names so that they will qualify for long-term care Medicaid coverage in the future. Preservation of the shifted assets is the goal. In this 4 part series, we will explore the why, how, and when regarding Louisiana Medicaid Planning. Why Engage in [...]

8 11, 2019

Avoiding Probate on Promissory Notes and Mortgages: It’s More Important Than You Might Think

By | 2019-11-08T15:36:59-06:00 November 8th, 2019|0 Comments

meeting with my Louisiana Estate Planning clients, I sometimes encounter clients who have lent money to family, friends, and others.  A legal agreement, usually a mortgage or promissory note, evidences the financial obligation for the loan recipient. In the mortgage or note, the debtor promises to pay back the loan with interest over some predetermined time period. This works well when payments to service these loans continue and when the creditor is still alive. But what happens when the creditor dies? Often, the debtor mistakenly believes that their legal obligation is over. Clearly this is not the case. After the [...]