This week I met with a woman from Metairie who already had a living trust in place. She created A Louisiana Revocable Living Trust with another attorney two years ago after completing a court supervised succession for her deceased husband. She established the Trust with the intention of avoiding a second succession for her kids after she passed away.
However, she wasn’t sure the trust was done right, so she came to me for a second opinion. And I am glad she did. Upon reviewing the trust, we determined that the beneficiaries were not listed the way she wanted, and we discovered that her home (her most valuable asset) had not been transferred into the name of her trust.
If she had not come to see me, the home would have stayed in her name and would have gone through a Louisiana Probate Succession after she died, which would mean a lot more cost, delay, and effort for her children. The entire purpose of creating the trust would have been ruined if the home had never made it into the trust. Luckily, we were able to amend the trust to fix her beneficiaries, and we were able to transfer her home into the trust before it was too late!
To make sure your Louisiana Living Trust is done right the first time, call(504) 274-1980 in the Metairie and New Orleans Area or call (985) 246-3020 in Mandeville, Covington, Slidell, Houma, Thibodaux, and surrounding areas.