Does your estate plan need a DNR?
If you have a health crisis and you stop breathing, you believe that no more steps should be taken. You do not want the medical team to resuscitate you. Maybe you have religious reasons for thinking that this is a valuable position, or perhaps you just think that resuscitation is delaying the inevitable at that...
Does your estate plan need a DNR? Continue reading…If you put a sunset clause in your prenup, don’t forget about it
When you put a prenuptial agreement in place, there’s no expiration date on it – unless you include what’s commonly known as a sunset clause or sunset provision. Some couples will replace their prenup with a postnuptial agreement, or postnup, at some point after the wedding takes place. Some people draft a postnup early on in...
If you put a sunset clause in your prenup, don’t forget about it Continue reading…What are revocable and irrevocable trusts?
Creating a comprehensive estate plan enables you to provide instructions about who will get what when you pass away. You can do this through a will, but that has to go through the probate process. A better option for some people is to establish trusts, which don’t go through the probate process. All trusts are...
What are revocable and irrevocable trusts? Continue reading…How important is a power of attorney?
A power of attorney (POA) document enables you to designate someone that will act on your behalf in your absence, like when you are mentally or physically incapacitated. Such an eventuality may arise after a sudden illness or accident that leaves you unable to make sound decisions. The person you give power of attorney is known as...
How important is a power of attorney? Continue reading…What if your custody agreement isn’t working out?
You and your former spouse have been divorced for some time. Thankfully, you were able to reach a custody agreement and it’s been working — until now. Recently, your ex has failed to pick up your child on their designated days several times, and they’ve kept the child for longer than the agreement states when...
What if your custody agreement isn’t working out? Continue reading…3 tips to use when you talk to your kids about divorce
It doesn’t matter how old your children are; divorce can be a stressful and scary time for them. It’s up to you to ensure you help them through this process, and part of that is telling them about the situation. Use these tips to help you talk to your children about divorce. 1. Be honest (but...
3 tips to use when you talk to your kids about divorce Continue reading…The difference between a prenup and a postnup
For the longest time, people have wanted to protect their assets in case of any unexpected events, such as divorce. You and your spouse will likely be combining each other’s assets after marriage. In the back of your mind, you may be thinking this could be a bad decision if there’s a divorce – but,...
The difference between a prenup and a postnup Continue reading…What happens to your family home in a Louisiana divorce?
Divorce will mean a lot of big changes in your daily life and your personal finances. Unless you and your spouse signed a prenuptial agreement, you will probably need to negotiate a way to divide your property. Few marital possessions will be more valuable than your marital home. Your monthly mortgage payments could be nearly...
What happens to your family home in a Louisiana divorce? Continue reading…3 reasons your prenuptial agreement may be declared invalid
Getting your soon-to-be spouse to sign a prenuptial agreement does not imply that you are planning to divorce someday. Rather, it means that you are keen to protect both parties’ interests should things fail to work out. However, for your prenuptial agreement to be enforceable, you must get it right. The last thing you want is...
3 reasons your prenuptial agreement may be declared invalid Continue reading…