Planning a transfer of wealth for the sake of one's heirs is an important task many Lake Charles residents undertake at some point in their lives. Louisiana, like all other states, has certain laws and regulations to govern such matters. Interestingly, when surveyed, many people say they avoid estate planning because they have no way of seeing into the future to determine who their exact heirs should be at the time of their own deaths.
Many Lake Charles residents have been married more than once. In fact, nowadays, many couples in Louisiana and elsewhere have been married two, three and even four or more times. Remarriages often include children from prior unions, which can present certain challenges when it comes to estate planning.
When married couples in Lake Charles take vacations, they often spend several weeks ahead of time making plans, packing and securing various arrangements for child care, home protection and other important matters. Most would agree that traveling is much more fun when one can do it with peace of mind. For some in Louisiana, pre-travel plans might include estate planning.
Fans in Lake Charles and throughout the world continue to mourn the unexpected Christmas Day passing of pop music icon George Michael. The former 80's heartthrob sold over 100 million records during his career and millions have come forward to express sorrow over his recent death. Speculation has emerged over who will inherit the former singer's mass fortune. New information suggests he was very thorough in his estate planning process.
Many people in Louisiana will welcome new babies during the coming year. Such events are typically joyous and exciting. However, many Lake Charles parents may want to approach their expanding family situations from practical perspectives as well. Careful estate planning may be part of that process.