Category Archives: Estate Planning
Can You Avoid a Louisiana Succession With a Trust?
A properly designed and funded trust can allow a Louisiana family to manage and distribute property without opening a succession for those assets. However, signing a trust does not guarantee that the family will stay…
How to Protect a Louisiana Will From a Future Contest
No estate plan can prevent an unhappy relative from filing a challenge. However, careful planning can protect a Louisiana will by reducing valid grounds for attack and creating reliable evidence of the testator’s intentions. The…
3 Tips for Passing a Louisiana Business to Your Children
Passing a business to your children involves more than naming them in a will. A business has ownership rights, management authority, contracts, employees, debts, tax attributes, and relationships that must continue after the transfer. Before…
Preparing for Your Senior Years: 3 Estate Planning Must-Dos
An estate plan that worked at age 45 may not meet your needs at age 70. Your property may have changed. Your children may now be adults. In addition, the people you once selected to…
Can You Make a Will After a Dementia Diagnosis in Louisiana?
A dementia diagnosis does not automatically prevent someone from making or changing a will in Louisiana. The diagnosis is relevant, but it does not answer the legal question by itself. Instead, the critical question is…
How to Create a Digital Estate Plan in Louisiana
A digital estate plan in Louisiana should address more than cryptocurrency. It may need to cover email, photographs, cloud storage, social-media profiles, websites, online businesses, financial accounts, subscription services, and devices. The goal is to…
Is a Will the Only Way to Transfer Assets in Louisiana?
A will is not the only way to transfer assets in Louisiana. In fact, some of the largest assets a person owns may pass according to a beneficiary designation, account agreement, trust, business document, or…
Can a Beneficiary Sell an Inheritance in Louisiana?
The short answer is usually yes—but exactly what the beneficiary can sell depends on when the sale occurs and what the beneficiary actually inherited. A person trying to sell an inheritance in Louisiana may be…
When Is a Louisiana Usufruct the Right Estate-Planning Tool?
A Louisiana usufruct can provide for one person while preserving property for someone else. However, that does not mean every estate plan should use one. The important question is not simply, “What is a usufruct?”…
How Can You Leave Part of a Louisiana Estate to Charity?
Yes. A Louisiana estate plan can leave money, property, or a percentage of the estate to a charitable organization. The gift can be made through a will, trust, retirement account, life insurance policy, or another…
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Responsible Attorney: James Morgan Field, III, Louisiana Bar Roll No. 34285. Attorney Morgan Field is listed with the Louisiana State Bar Association under his full name.
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