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Individuals in Louisiana running small successful businesses or professional practices need to think carefully about the future. Typically, they need to engage in succession planning to help preserve the company for their loved ones or for the protection of their...
Creating your estate plan takes a lot of thought. You have to think about who you want to get your assets when you die, but that’s not all you have to consider. End-of-life planning, including setting up power of attorney designations, is also important. A power of...
While many people focus heavily on what to do with their assets when they’re creating an estate plan, it’s also important to think about who will help to protect their interests and their assets if they become incapacitated. Setting up power of attorney designations...
Summer can be an advantageous time to file for divorce for several reasons, making the process smoother and more manageable for those involved, from spouses to their children. For example, during the summer, many people have more flexible schedules due to vacations...
Those who serve as succession representatives take on a largely thankless role either in memory of a deceased loved one or to support the survivors left behind when an individual dies. Succession court proceedings involve presenting any testamentary documents drafted...
Prenuptial agreements give couples a chance to make decisions in advance that would ordinarily just be made during a divorce. For example, they can use the prenup to split up financial assets or define which assets need to go through property division and which ones...
Divorce is a process that underscores the consequences of numerous legal aspects of a marriage that you may have never considered before. This can be especially when it comes to property distribution. In marriage, each party typically brings in assets they own...
Louisiana is a community property state when it comes to property and debt division during divorce. This means that all property and debt acquired during your marriage would (generally) be equally split upon divorce in a litigated context unless you have a legally...
It is certainly wise to make an estate plan in advance. You never know exactly how long you have. You may have decades, or just a few days. Your family is protected if you have an estate plan on file, even if they don’t use it for years to come. But one of the...
Avoiding succession court is sometimes the goal of a testator who drafts estate planning documents. They may try to make plans that keep as many of their assets out of court as possible. They may also include special terms in their documents to prevent their family...