Port Allen Estate Planning Lawyer

Estate Planning Attorney in Port Allen, LA

Tucked along the Mississippi River, Port Allen is home to thousands of Louisiana families. As you age, it is essential that you plan to support your family. Whether you own a home near William & Lee Park or own a business along North Alexander Avenue, having a dependable estate plan in place for when you pass or are injured is essential. No matter your health or income status, a talented Port Allen estate planning lawyer from Field Law can help.

Why Work With the Legal Team at Field Law?

For over a decade, the team at Field Law has been assisting families across Louisiana in comprehensive estate planning. Navigating elder law and estate law in Louisiana is no easy task, but at Field Law, this is where we excel. Our team wants to offer you the peace of mind that comes with having a solid, dependable estate plan that can guide your loved ones even after you are gone. Trust us to protect what matters most to you.

The Key Components of a Port Allen Estate Plan

In the entire United States, only around 24% of Americans have an estate plan in place to protect their assets and loved ones. That means millions of families across the country are left with no road map to follow when their loved one passes away.

At Field Law, we want to protect you and yours from the risks that come from not having an estate plan. We understand that estate planning can seem overwhelming, but our team of talented estate planning professionals is here to guide you through every step and determine which estate planning tools fit your needs. These essential tools can include:

• Wills. A will is one of the most important pieces of a comprehensive estate plan. It works to outline all of your assets and your wishes regarding how these assets will be distributed upon your death. Without a will in place, your estate will likely be subjected to the intestate succession laws of Louisiana, which means your assets may be distributed in a way that does not align with your wishes.
• Trusts. Trusts are another key part of a dependable estate plan. These tools can be used to manage your assets while you are still living and then provide for your loved ones upon your death. Only around 13% of Americans utilize trusts, many people operating under the assumption that trusts are only for the extremely wealthy. This, however, is not the case, and our attorneys can help determine if a trust is right for you.
• Powers of attorney. This essential document can allow you to name an individual who can make decisions on your behalf should you become unable to do so through incapacitation or injury. You can give this individual the power to address certain healthcare decisions, financial decisions, and other essential actions. Ultimately, this tool allows someone you trust to act on your behalf when you cannot.
• Healthcare directives. This tool, also known as a living will, can help ensure that all your medical preferences are followed when you are no longer able to communicate them yourself. These directives can inform your loved ones about whether you wish to receive life-sustaining medical treatment or specific procedures under certain conditions. These directives can allow peace of mind for both yourself and your family members.

At Field Law, we can review your life circumstances, your health and age, and your estate to help determine which estate planning tools are essential to the protection of your loved ones and all you have built.

FAQs

When Should a Will Be Updated in Louisiana?

It’s crucial to update your will every few years in Louisiana, or when circumstances change that would warrant such an update. These life changes can include:

• Cases where someone named in one of your estate planning documents, such as a will or trust, passes away or becomes incapacitated
• You have remarried.
• A new child has been born.
• You feel like you can no longer trust your executor.

What Happens When Someone Who Doesn’t Have a Will Dies?

When someone who doesn’t have a will dies in Louisiana, the state’s intestate succession laws will be followed. These laws work to distribute the assets held by the deceased person’s estate and first prioritize any surviving spouse, then any surviving children, and then other close relatives who may benefit from the estate. Nearly 66% of Americans currently do not have a will in place.

When Should I Create an Estate Plan in LA?

In Louisiana, there is no one perfect time to create your estate plan. No matter your age, health, or wealth, creating an estate plan is a wise decision for almost anyone. Whether you are just starting to build a young family in Port Allen or looking at retiring, anytime is a good time to create the estate plan that will protect you and your loved ones in the future.

What Mistakes Should I Avoid When Creating a Will?

There are several mistakes you should take care to avoid when creating a will. These mistakes can include failing to update the will after a major change in life circumstances, failing to hire experienced legal counsel, using vague or ambiguous language in your will, and failing to understand the implications that can impact your heirs after you pass away. Naming an executor who is too ill-equipped or irresponsible to execute the will can also be a costly mistake.

Hire an Estate Planning Lawyer From Field Law Today: Contact Us

Having an estate plan affects every area of your life. It can help protect your assets while also ensuring your loved ones are taken care of. Without a valid estate plan, your family can face difficult legal situations should you become injured or pass away. At Field Law, we are here to work with you to confidently plan for your future. Contact our offices today to hire an estate planning lawyer and schedule a free consultation.

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