Thinking About Donating your Home to your Children? Not So Fast.
I am often asked by my (shall we say seasoned) clients about the wisdom of donating the family home to their children now. Usually, some family friend or one of the children has told the parents that this is a must and...
Top 4 Real Estate Tips for Small Businesses
For the vast majority of small businesses, the company’s first and only real estate transaction is entering into a lease for commercial space. Whether you are considering office, manufacturing or retail space, the following four tips will help you navigate the...
Should I have a Living Will or Health Care Power of Attorney? Or Do I Need Both?
Many people are confused by these two important estate planning documents. It’s important to understand the functions of each and ensure that you are fully protected by incorporating both of these documents into your overall estate plan.
LIVING WILL
A...
The Importance of Estate Planning for Parents with Minor Children
If you have minor children, you must have a will.
I usually began my talks at seminars with this strong, unequivocal statement. Why do I say that?
Simply put, in their will, parents are provided the only opportunity available to them to appoint a...
Forced Heirship under Louisiana Law by Vincent B. “Chip” LoCoco, Esq.
Forced heirship is an ancient civilian concept. Louisiana is the only state in the union which has forced heirship as a law. It was derived from Roman and French law.
The simple explanation of the law of forced heirship is...