estate planning Archives

How to use estate planning for charitable giving

There is a lot to think about when crafting an estate plan, such as inheritances, funeral preferences and even medical wishes. But wills and trusts can also be used for much more. Creating a lasting legacy is an important function of estate planning, and gifting money or assets to an organization is an excellent way to do so.

Why unmarried couples need to think about estate planning

Marriage is usually the next natural step for people who are in committed relationships, but it is not for everyone. There are actually many couples who choose to live and build lives with one another in Lake Charles without actually typing the know. While an unmarried couple may have created a successful life together, they might not realize just how difficult some things will be should either die without an estate plan.

How to bring up estate planning during the holidays

The holiday season is the time of year when many families in Lake Charles do their best to get everyone together, even if it means traveling from out of state. From buying gifts to deciding on holiday meals, a lot of planning can go into these gatherings. But families might be missing out on a valuable opportunity to talk about a difficult topic. Although it might feel counterintuitive to talk about end of life affairs in between celebrations, this could actually be a great time to bring up wills, powers of attorney and other estate planning affairs.

College students: You need to be thinking about estate planning

College is one of the first steps into adulthood for many young people in Lake Charles. From living by oneself to navigating things like grocery shopping and laundry, college students may feel like they already have enough on their plates. However, these young adults often overlook one of the most important things that an adult can do -- create an estate plan. Estate planning might seem like something that only older adults need to worry about, but virtually everyone can benefit from creating three essential documents.

Why estate planning is for everyone

Every person in Lake Charles feels differently about his or her possessions and assets. Some people may have several items that hold significant personal or financial value that they wish to pass on to specific heirs. Others might not care so much about what happens to their belongings after they are gone. However, those who think that estate planning does not have much to offer may want to consider some of the following.

Selecting the right trustee while estate planning

Trusts can be excellent additions to estate plans. There are various types of trusts that function in different ways, and selecting the correct one to handle a person's needs or wants should be treated seriously. However, for as much time as a person in Lake Charles might spend on creating a trust during estate planning, he or she might not understand just how important the trustee is. Here are a few things to keep in mind when selecting the right trustee.

Diapers, bottles and wills -- new parents and estate planning

Most new parents have a dozen things to worry about. From feedings to sleeping habits to what may seem like endless hours of crying, it might not feel as if there is much time for anything else. However, Lake Charles parents might want to make room for at least one more thing -- estate planning.

Does estate planning stop with the will?

Having a will is extremely important for every adult in Lake Charles. It does not matter how young or old a person is or whether he or she only has a few assets -- a will can address a number of things. However, simply having a will does not mean that a person has approached estate planning as thoroughly as he or she should.

Safely securing your estate planning documents

It takes a certain amount of time, thought and effort to create an estate plan. From creating wills and trusts to signing powers of attorney, it is important to be as thorough as possible when estate planning. However, other than updating those documents as needed, some people may not give much thought about what to do with them after the planning process is done. This means that many people in Louisiana might not be storing their estate plans safely.

Digital estate planning can be hard, but not impossible

Louisiana consumers might not think much about purchasing e-books, digital movies or songs from the internet. Digital technology and property is just another aspect of modern living. But how should people include favorite movies and books in their wills when that property is stored digitally? This estate planning task is harder than most people might think.

Contact Our Lake Charles Firm For Immediate Help With Your Legal Worries

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Visit Our Office

518 Pujo Street
P.O. Box 3305
Lake Charles, LA 70601

Toll Free: 877-269-8978
Phone: 337-513-0886
Fax: 337-439-3216
Map & Directions

Office