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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?”…
When Can a Louisiana Succession Representative Be Removed?
A family cannot remove a Louisiana succession representative simply by agreeing that someone else should take over. Once the court appoints or confirms the representative, another court order is generally required to remove that person.…
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…
DNR, Living Will, Health Care Power of Attorney, or LaPOST?
A person who has concerns about CPR may wonder whether a living will, health care power of attorney, or another document offers more flexibility than a do-not-resuscitate order. These planning tools can provide additional direction,…
Why Do People Put Off Estate Planning in Louisiana?
Most people without an estate plan have not consciously decided that planning is a bad idea. They generally know they should prepare something. They simply keep moving it to the bottom of the list. That…
What Should a Louisiana Estate Plan Review Include?
Major events such as marriage, divorce, a birth, a death, a serious diagnosis, or a substantial financial change should prompt an estate-plan review. Even without one of those events, reviewing a plan every few years…
When Does Someone Lack Testamentary Capacity in Louisiana?
Testamentary capacity in Louisiana is measured at a specific moment: when the person executes the will. A diagnosis of dementia, hospitalization, advanced age, physical weakness, or occasional confusion may raise legitimate concerns. However, none of…
From Founder to Successor: Louisiana Business Succession Planning
Louisiana business succession planning involves more than choosing who will occupy the founder’s office. A complete plan must determine who will manage the company, who will own it, when the transition will occur, and what…
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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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