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Louisiana Estate Planning & Elder Law Blog

In Need of Help: How to Help Family Members

Feb 23, 2022 5:45:00 AM

There are many people these days battling an addiction, living on the streets, or suffering from a mental disability - or all three at once. Many families want to assist family members struggling like that, but families are unsure how to offer that assistance, given that money might hurt more than help. Especially inheritances, which can come in one lump sum, could be squandered on self-destructive behavior or exploited by street "friends."

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How Soon Should You Begin Receiving Social Security Benefits After Being Laid Off?

Feb 16, 2022 6:00:00 AM

As a result of the coronavirus pandemic, Americans face risks that extend beyond becoming infected with COVID-19. If you are close to retirement age and recently lost your job, there is a good chance you may not find work again. The Great Recession (2007-2009) saw workers aged 62 and more were about half as likely to become re-employed compared to those in the age group of 25 – 34. The Becker Friedman Institute for Economics at the University of...

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Larry King: A Sad Legacy

Feb 9, 2022 5:30:00 AM

Famous talk-show host Larry King was married to seven women and fathered five children. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to probate court.

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Being There for a Loved One Who Is in a Nursing Home

Feb 2, 2022 6:00:00 AM

In the wake of the Coronavirus pandemic, advocating for your loved one in a nursing home has become more demanding and complicated. Both residents and staff in nursing homes and other long-term care facilities are disproportionately affected by COVID-19 outbreaks. In fact, during the first year of the pandemic, the Kaiser Family Foundation (KFF) reports those in long-term care facilities accounted for thirty-one percent of all US COVID-19 deaths...

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Avoid the Pitfalls of Beneficiary Designations

Jan 26, 2022 6:45:00 AM

It may seem simple to leave your property to your heirs. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you’re done.

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Wills, Trusts & Dying Without a Will: How They Differ

Jan 20, 2022 11:19:13 AM

Most people understand that having some sort of an estate plan is a good thing. However, many of us do not take the first steps to get that estate plan in place because we do not understand the nuances between a will and trust – and dying without either.

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Review Your Estate Plan Annually to Make Sure It Is Up-to-Date

Jan 19, 2022 6:30:00 AM

Just like you should visit your doctor for a yearly check-up, you should review your estate planning documents annually to make sure they are up-to-date. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an estate-plan check-up every five years or so.

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Common Tax Relief Programs the IRS Offers

Jan 18, 2022 9:00:00 AM

The old saying that nothing is certain in life except death and taxes has never been truer, or more frightening. In the current environment, fear of the IRS is creeping in, and nothing will get your heart racing quite as fast as opening the mailbox and finding a letter from the tax agency.

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Don’t Let Your Family Feud End up in Court

Jan 12, 2022 6:30:00 AM

Family disagreements about a parent’s end-of-life care and inheritance can get so serious they may end up in a legal filing and court case. You can take steps moving beyond the possibility this might happen and create (or amend) your estate plan seeking to diffuse these potential issues before they become legal challenges.

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What Can the IRS Do to Collect Back Taxes?

Jan 10, 2022 9:30:00 AM

Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes they have many different options for forcing you to pay.

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