Posts tagged "Estate Planning"

Yes, estate planning is important -- here's why

Thinking about end-of-life matters is not exactly enjoyable, and many Lake Charles residents avoid this uncomfortable topic altogether. This can be devastating for not only a person's estate, but also for the family who is left behind without any clear guidance on their loved one's wishes. Avoiding estate planning can also cause taxes and fees to eat up assets that might have otherwise been distributed to heirs.

Things to know regarding cryptocurrency and estate planning

Advanced technology has brought convenience to many Louisiana residents and others through online banking and other forms of currency transfer. Such convenience has prompted an estate planning concern, however, especially in situations involving cryptocurrencies. Those who have assets in cryptocurrency accounts will want to protect their loved ones' interests by including encrypted information in their estate plans.  

Louisiana residents can customize the estate planning process

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.

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.

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