If you are about to turn 70, congratulations on reaching a big milestone. And if you also have delayed claiming Social Security retirement benefits up till now, you are joining a select group [...]
Many people believe that joint accounts are a good way to avoid probate and transfer money to loved ones. But while joint accounts can be useful in certain circumstances, they can have dire [...]
A durable power of attorney is a document that allows you to appoint someone you trust to step in for you to handle financial and legal matters if you become incapacitated. We all are at risk of [...]
During his lifetime, former Governor Edwin Edwards was a legend. In death, he is also likely to become a legend in Louisiana law circles for at least one reason. That reason is Louisiana’s forced [...]
While everyone should have a durable power of attorney that appoints someone to act for them if they become incapacitated, in some circumstances it is not enough. In these cases, a revocable [...]
Limited Liability Companies (LLCs) are an important tool for small business owners, but they can also be useful in estate planning. An LLC can help you pass assets to your children while avoiding [...]
It may come as no surprise that in April of 2020, the phrase “self-care” hit its peak popularity as a Google search term. Prior to 2016, self-care hadn’t yet entered the collective consciousness, [...]
While the current estate tax exemption is quite high, a closely held family business may put your estate over the limit. Careful planning is necessary to lower or completely avoid the tax, and [...]
In most states a “Transfer of Death” account, also known as a “Pay on Death Account” (commonly called a POD or TOD account), is an account at a financial institution that allows payment of the [...]
A number of tax proposals being considered in Congress could significantly affect gifting and estate plans for those with larger estates — over $3.5 million. If you’re in that [...]
