Category Archives: Trusts
What Is Trust Administration in Louisiana – and When Can It Turn Into a Dispute?
A lot of people think a trust solves everything automatically. It does not. Trust administration in Louisiana still requires someone to act after the trust creator dies or becomes incapacitated. After the trust creator dies…
Wills vs Trusts in Louisiana: What’s the Difference?
No matter your age, health, or financial circumstances, estate planning is important to your future. Without an adequate plan, your property, wishes, and loved ones may face unnecessary uncertainty. Understanding the difference between wills vs.…
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…
What Is an Irrevocable Trust in Louisiana?
Irrevocable trusts in Louisiana can serve important estate-planning purposes. However, “irrevocable trust” does not describe one standardized product or guarantee a particular tax, creditor-protection or Medicaid result. Instead, irrevocable describes the settlor’s ability to revoke…
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…
Louisiana Probate-Avoidance Trust: Benefits and Limits
A Louisiana probate-avoidance trust can provide continuity during incapacity and reduce the property that must pass through a judicial succession. However, the name can be misleading. Louisiana law does not establish a special category called…
3 Types of Trusts to Consider in Louisiana
Trusts can address estate-planning goals that are difficult to accomplish through an ordinary will or beneficiary designation. However, different trusts solve different problems. A trust designed to provide lifetime care for a pet will look…
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…
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