Estate Taxes for 2025

Here are the Estate Tax Exclusion Amounts for 2025.

LOUISIANA STATE INHERITANCE TAX

Years ago, the State of Louisiana repealed all state inheritance taxes. That remains the case. Thus, there is no requirement to file a return with the State and no state inheritance taxes are...

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Last Will and Testament

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...

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Minors’ Trust in a Will

INTRODUCTION

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...

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