estate planning Archives

When estate planning includes assets that are later stolen

Not every Louisiana estate owner dies with all financial and other personal affairs neatly organized and set for the estate administration process. Then again, some who do execute thorough estate planning actions still wind up leaving family members with complicated problems to resolve. An estate executor for former First Lady Jacqueline Bouvier Kennedy Onassis's first cousin is currently entangled in such circumstances, claiming that the owner of a particular art gallery is in possession of a portrait that is rightfully owned by his aunt's estate.

An estate planning tool that provides a grantor with a way out

Overall, more people will likely die in Louisiana without ever signing final estate documents than those who execute solid plans ahead of time. Why this is remains a mystery, although some people simply do not like to discuss matters associated with their own mortality. Others understand the importance of estate planning but procrastinate or hesitate because they aren't sure where to turn for help in navigating the process.

Estate planning review good habit for a new year

Many Louisiana residents have certain routines they follow when it comes to home maintenance and/or financial planning. For instance, it's not uncommon for people to mark dates on their calendars when they plan to wash all the windows in their homes or undertake other major, annual cleaning projects. Rotating tires on vehicles is another task that it often finds it way onto people's annual to-do lists. What about estate planning, however?

Estate planning dispute: How much cash did the bread man have?

It's always unfortunate when loved ones argue after the head of a family and benefactor passes away. The estate planning process is often a means to avoid such disputes, especially if an estate owner was thorough and exact in the execution of a particular plan. Even when an estate plan exists, however, it does not always keep disagreements from arising among Louisiana families or others.

Estate planning not just for the rich and famous

Everybody is going to die sooner or later. Unfortunately, only some have taken steps to address estate planning. Some have every intention on doing so, but procrastinate for one reason or other. Others want very much to develop a plan but aren't sure what to do or where to turn for help.

You can use estate planning to direct your medical care

Do you feel strongly one way or the other about certain types of extraneous medical care regarding life or death situations? In such circumstances, Louisiana first responders, doctors, nurses, etc., will administer any and all care available and necessary to your survival. However, if there are certain types of medical treatment you do not wish to undergo, you may not be able to make your wishes known if you are incapacitated; that's why it's typically best to put your instructions in writing ahead of time, through careful estate planning.

Jerry Lewis made some estate planning changes before he died

Jerry Lewis, famous actor and comedian of many years, died at age 91 from heart failure. In 2012, however, he executed some estate planning documents that included a final will and testament. The contents of his will were recently published and information contained therein may surprise many Louisiana readers.

Thorough estate planning may help avoid disputes like this one

Many Hollywood entertainment fans in Louisiana were shocked and saddened when former television star Alan Thicke suddenly collapsed while playing ice hockey and died from a ruptured aorta. Since his death, his sons and his third wife have been fighting over his estate. The situation may prompt some readers to be very specific and thorough when navigating the estate planning process if they hope to help their families avoid similar problems.

Major estate planning mistakes many Louisiana residents make

Some people don't like to talk about their own mortality, and they may avoid the topic as best they can. Others understand that estate planning is a valuable tool that can be be used to protect their assets, as well as make known their final wishes and instructions regarding their property, assets, medical care and financial issues. There are several common mistakes that many Louisiana residents (and others throughout the nation) make, however, that are to be avoided whenever possible.

What's the state of your current estate planning process?

If you read the title to this post and thought it might not apply to you because you do not have an actual estate plan in place, you are likely not the only Louisiana reader to do so. However, there's no time like the present (as they say) to think of such things as it always takes a first idea and/or discussion to get the ball rolling. If making sure your final wishes regarding finances, assets and health care are honored is important to you, then you'll want to keep reading.

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