What’s Involved in Serving as an Executor?
An executor is the person designated in a Will as the individual who is responsible for performing a number of tasks necessary to wind down the decedent’s affairs. Generally, the executor’s responsibilities involve taking charge of the deceased person’s assets, notifying beneficiaries and creditors, paying the estate’s debts and distributing the property...
Minors’ Trust in a Will
A minors' trust in a will, often referred to as a "minor's trust" or "trust for minors," is a legal arrangement created within a person's last will and testament to provide for the financial well-being and care of minor children. The primary purpose of such a...
The Importance of Naming Tutors in your Will for Minor Children
One of the most overlooked things when writing wills is the naming of a Tutor for your minor children. Providing for Tutors in your will is a crucial step to ensure that your minor children are cared for by the individuals you trust and choose, should you pass away before they...
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In the grand tapestry of life, one thread remains constant: change. As we journey through the years, our responsibilities, aspirations, and possessions evolve. Estate planning, often overlooked, stands as a crucial means to ensure our hard-earned assets are seamlessly passed on to loved ones. This legal...
How long is the Probate Process?
As an estate attorney, I often encounter inquiries about the duration of the probate procession in Louisiana. While the question seems straightforward, the answer is multifaceted due to the diverse array of factors impacting the timeframe for distributing estate assets. The length of this process can vary significantly based on individual circumstances...
Separate Property and Importance of Having a Will
Let me give you a scenario that keeps coming up in my practice that people must be aware of and easily can rectify.
Husband and wife get married. It's the second marriage for both. They both have children from other marriages, whom they really do not get...
Non-Probate Assets
Non-probate assets refer to assets that are not subject to the probate process upon the death of the owner. When a person passes away, their estate goes through a legal process called probate. Probate is the process where the court oversees the distribution of assets and payment of debts to beneficiaries or...
Attorney, Chip LoCoco, awarded American Fiction Award for his novel, Saving the Music
Chip LoCoco is the author of four highly acclaimed novels. We are thrilled to announce that recently his novel, Saving the Music, was awarded the American Fiction Award in Historical Fiction. The book forms part of his beloved Bellafortuna Series. The book is available at Amazon.
Forced heirship in Louisiana
Forced heirship is a concept that exists only in the State of Louisiana. It is a unique aspect of Louisiana's civil law system, based on the Napoleonic Code, rather than the common law system found in most other states in the United States.
Forced heirship is designed to protect...
Why Your 18 Year Old College Bound Child Needs a Power of Attorney
When we think of a Power of Attorney, we often think that it only applies to our elderly parents and their appointing someone (an Agent) to be able to act on their behalf, both financially, as well as medically.
However, we often overlook the importance of this document for...