Getting Creative With Conditions on Inheritance
Last week I met with a couple in the Houma office to discuss setting up a living trust. The family was interested in a Trust that would allow them to avoid probate at death and allow them to spread out [...]
Usufruct Can Count Against Your Lousiana Medicaid Eligibility
Earlier this week I met with a family from Metairie whose elderly mother is on the verge of entering a nursing home. The kids wanted to know how mom could qualify for Medicaid to pay for her care so that [...]
Funding Your Louisiana Living Trust Is Very Important
I am currently working on a probate for a woman who passed away about a year after setting up a Louisiana Revocable Living Trust for the purpose of avoiding probate. When going through the estate planning process, she did not [...]
Don’t Wait to Open Succession
Yesterday, I talked with a woman from New Orleans about opening succession for her husband who died 5 years ago. She received some bad advice from a friend who told her not to worry about opening succession because it would [...]
Gifting $14,000 to Your Kids Will Not Have Any Effect for Most Louisiana Families
There is one misconception about tax law that I hear more than any other. Clients always tell me, “I heard if I give $14,000 to my kids each year, it will reduce the amount of taxes they have to pay [...]
Why is Louisiana Probate So Expensive?
Clients are always looking to avoid the Louisiana probate process because it is often comes with a hefty price tag. When someone dies with assets titled in his or her name, the family must hire an attorney to prepare and [...]
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