What is A Pour-Over Will?
In the past few months our firm has been preparing an abundance of Revocable Living Trusts for Louisiana residents seeking to avoid probate or succession as it is called in Louisiana. One of the essential parts of a Louisiana Revocable [...]
Your Powers of Attorney: The Most Important Estate Planning Documents During Your Lifetime
Most Louisiana residents think that their last will and testament is the most necessary of all the estate planning legal documents that a person can have in place; however, the terms of your will are essentially without effect until after [...]
Specific Bequests Go First In Louisiana
Many times people leave specific items or cash amounts to their heirs when drawing up their will or trust. In Louisiana, our law calls for these inheritances or bequests (as they are technically termed) to be dispensed with before any [...]
Business Incorporation May Be an Integral Part of Your Estate Plan
In about 20% of all estate plans that I prepare, there is also some business planning that needs to take place. This business planning typically takes the form of Louisiana LLC formation. LLC’s, or limited liability companies, are most often [...]
How Do Lawyers Calculate Fees for A Lousiana Succession?
During a recent seminar, someone asked me how lawyers determine the fees they charge their clients for a succession. This is a great question and one that does not have one right answer. There are a number of ways in [...]
Warning: Louisiana Successions Are Public Record
I talk a lot about avoiding Louisiana probate (or succession as we call it) with a Revocable Living Trust. Typically the primary reasons stated for avoiding succession are avoiding high costs and time delays, but there is one major reason [...]