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.
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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...
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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...
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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...
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Wills vs. Trusts: A Quick & Simple Reference Guide

Confused about the differences between wills and trusts?  If so, you’re not alone. Here’s a quick and simple reference guide: What Revocable Living Trusts Can Do – That Wills Can’t ●      Avoid a conservatorship and guardianship. A revocable living trust allows you to authorize your spouse, child or other trusted person...
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Critical Agent Powers to Include in Louisiana Powers of Attorney

  An important part of estate and elder law planning is planning for incapacity. Planning for incapacity is often overlooked as estate planning is typically focused on distributing assets after death. Increasing life expectancies will continue to drive the need to plan for incapacity. For example, one in nine people age...
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