Estate Planning, Probate, and Elder Law


Welcome to our blog, where you will find more information regarding estate planning, successions and probate, wills, trusts, special needs planning, Medicaid and long-term care planning in Louisiana.
Super User has not set their biography yet

2018 Louisiana Medicaid Long-Term Care Income and Resource Update

The Louisiana Department of Health and Hospitals has updated key income and resource limitations for Medicaid Long-Term Care benefits. A single person can have no more than $2,000 of countable resources to qualify for Medicaid Long-Term Care benefits. Married couples both receiving Medicaid Long-Term Care benefits cannot have combined countable resources...
Continue reading
315 Hits

Year-End Tax Tips for 2017

Here are a few things to consider as you weigh potential tax moves between now and the end ofthe year. 1. Set aside time to planEffective planning requires that you have a good understanding of your current tax situation, aswell as a reasonable estimate of how your circumstances might change next...
Continue reading
282 Hits

Current Status of the Estate Tax

We frequently receive questions about estate taxes aka “death taxes”. After spending a lifetime paying income taxes, you may owe Uncle Sam one more time. The federal estate tax applies when you die. Currently, U.S. citizens have an exemption of $5,490,000 (2017). Thus, if a person dies with a taxable estate...
Continue reading
544 Hits

Using Trusts to Keep Assets in the Bloodline

I recently created an estate plan for a couple living in Metairie. One of the main concerns and planning goals was to keep a tract of inherited land in the family. The wife inherited the land from her father, and it has been in the family for generations. She wished...
Continue reading
619 Hits

Starting the Five Year Look-Back Period for Medicaid

Under current law, Medicaid will impose a penalty for transfers (donations, gifts, etc.) made within the prior five years of applying for Medicaid long-term care. One method of protecting assets from Medicaid spend-down (e.g. nursing home spend-down) is to transfer assets prior to five years of applying for Medicaid. Assets such...
Continue reading
779 Hits