One certainty about life is that change is inevitable. While many Louisiana residents may be creatures of habit, perhaps hoping their lives will stay as much the same as possible for years to come, others thrive on adventure and also on change. When it comes to estate planning, the idea of change causes some people to hesitate when considering their plans because they mistakenly believe that once an estate plan is filed, it is permanent.
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.
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.
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?
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.
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.
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, 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.
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.
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.