Category Archives: Estate Planning
What Is Forced Heirship in Louisiana?
Louisiana gives people substantial freedom to decide who will inherit their property. That freedom is not unlimited. Under Louisiana’s forced-heirship law, certain descendants are entitled to receive a minimum portion of a parent’s estate even…
How to Reduce the Risk of a Louisiana Will Contest
A carefully prepared will provides instructions for distributing property, selecting an executor and, when appropriate, nominating a tutor for minor children. Even a valid will, however, can become the subject of a family dispute. No…
Should a Trust Be Part of Your Louisiana Estate Plan?
Trusts are often associated with wealthy families and complicated tax planning. In reality, a trust can serve practical purposes for families with many different levels of wealth. It can simplify the transfer of property, provide…
Are Your Children Ready to Take Over the Family Business?
Many business owners hope that what they have built will remain in the family. They may envision a son or daughter eventually taking over operations, preserving the company’s reputation and carrying the family legacy into…
How to Talk to Your Parents About Estate Planning
Talking to your parents about estate planning can feel uncomfortable. You may worry that the conversation will sound intrusive, that your parents will think you are focused on an inheritance, or that your siblings will…
Do Heirs Have to Pay Debts in Louisiana?
The short answer is that heirs ordinarily do not become personally responsible for someone’s debts merely because they are related to the person or named in a will. However, that does not mean the debts…
4 Qualities to Look for When Choosing an Executor in Louisiana
A Louisiana will does more than explain who should inherit your property. It can also name the person you want to manage your succession after your death. That person is called the executor. “Succession representative”…
4 Common Estate Planning Misconceptions in Louisiana
Estate planning is not limited to deciding who receives your property after your death. A complete Louisiana estate plan can also address who will manage your financial affairs during incapacity, who may make health-care decisions…
How a Contract of Mandate Protects You in Louisiana
Planning for incapacity means deciding who will have the legal authority to manage your affairs if an illness, injury, or cognitive decline prevents you from acting for yourself. Many people assume that a spouse or…
Estate Planning Mistakes to Avoid in Louisiana
Creating an estate plan is a responsible step, but signing a will does not necessarily mean every important issue has been addressed. An estate plan can fail because a document is invalid, an appointed person…
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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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