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Louisiana Estate Planning & Elder Law Blog

How does the probate of a will work?

Sep 27, 2021 10:00:00 AM

In order for assets in a will to be transferred to a beneficiary, the will must first pass through the court process known as probate. During probate, the court oversees the will’s administration, ensuring your assets are distributed according to your wishes.

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The Importance of Creating a Legal Document Reflecting Your Final Health Care Wishes

Sep 22, 2021 8:00:00 AM

You may have seen a friend or loved one suffer for a long time with Alzheimer’s. In the final stages of this and other dementia diseases, there comes a time when the person can no longer speak, recognize loved ones, or move purposefully.

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Does the IRS Disagree with Your Return? 7 Critical Steps to Take Next

Sep 21, 2021 9:15:00 AM

It is one of the scariest things that can befall a taxpayer - the dreaded notice from the IRS stating you owe them more money you can’t pay. When you open up the mailbox and see the return address of the tax agency staring back at you, your heart is bound to skip a beat (or two).

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What Happens to Your Business When You Die

Sep 16, 2021 9:15:00 AM

You spend a significant part of your life building your business, and it becomes a major part of your legacy. But when you die, everything you have built could fall apart if you have not taken the time to create a business succession plan. Without a plan in place, your business’s fate may be decided by a court instead of according to your wishes. You can take actions now to position your business for continued success—even when you are no...

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Why Every Senior Should Have a Living Trust

Sep 15, 2021 8:00:00 AM

Unfortunately, it is fairly common that seniors fall victim to financial scams. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members. That’s why it’s important that planning is in place to help seniors protect themselves and their assets.

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How to Protect Your Business from Lawsuits

Sep 14, 2021 3:08:00 PM

Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a loop. You have survived plenty of bumps in the road and emerged stronger than ever. But are you prepared for the financial hit—not to mention the...

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Which Tax Records Should You Keep and For How Long?

Sep 11, 2021 9:15:00 AM

Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every day at the IRS, and the tax agency is always reviewing the information taxpayers and business owners have provided.

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3 Ways To Benefit By Incorporating Charitable Giving Into Your Estate Plan

Sep 9, 2021 9:00:00 AM

You are likely well aware of the tax benefits that come from donating to charity during your lifetime—donations to charity are tax-deductible. But you may be surprised to learn about the numerous benefits that are available when you incorporate charitable giving into your estate plan.

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Legal Representatives Require Careful Consideration

Sep 8, 2021 8:00:00 AM

The coronavirus pandemic made us realize that life is precious and uncertain. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted love ones to make decisions for their well-being while they were incapacitated. Family caregivers are generally given the task of some medical and financial coordination on your behalf. They will operate on your behalf most effectively...

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Billionaire Banking Heir’s Cryptocurrency Fortune Disappears After His Death

Sep 7, 2021 9:00:00 AM

In April 2018, billionaire Matthew Mellon flew by private jet to Cancun Mexico to check himself into drug rehab to deal with his addiction to opioid pain pills. But the 54-year-old heir to the Mellon Bank dynasty never made it to the rehab facility and was found dead in his hotel room after suffering an apparent heart attack days before he was due to check into the clinic.

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