Progeny Law Firm

Every state that recognizes trusts as legal entities imposes fiduciary duties upon the Trustee of such trusts. These duties may have different names in different jurisdictions, but ultimately a breach of fiduciary duties means that the Trustee failed to fulfill their duties as expressed in the trust instrument and under local law. This article examines a case ripped from the headlines that demonstrates the importance of choosing the right individuals to serve as fiduciaries. The post Estate Planning and Baseball appeared first on Progeny Law Firm. http://dlvr.it/TJpbq4

Estate planning isn’t just about securing your legacy—it’s about protecting your assets and loved ones when disaster strikes. Updating an outdated Estate Plan or creating a new one provides a set of instructions for your family regarding what you want to happen during your life if you lose the ability to communicate that and at death. It provides comfort and a sense of control. This article will serve as a guide to getting more out of your Estate Plan during a disaster. The post Proper Estate Planning Brings Peace of Mind During a Disaster appeared first on Progeny Law Firm. http://dlvr.it/TJFL6X

Acquiring international assets such as offshore bank accounts, foreign properties, or investments in international markets adds a layer of complexity to your estate planning. For Louisiana residents, these complexities are heightened by the state’s unique legal framework, including forced heirship rules and community property laws. Updating your estate plan to account for these international holdings […] The post Updating Your Estate Plan After Acquiring International Assets: What Louisiana Residents Need to Know appeared first on Progeny Law Firm. http://dlvr.it/THyrHj

Managing offshore accounts in estate planning presents unique opportunities and challenges. For Louisiana residents, the process is further complicated by the state’s distinct legal framework, including its civil law system, forced heirship rules, and community property laws. Offshore accounts are increasingly used for asset diversification, tax benefits, and investment opportunities, but they must be carefully […] The post Handling Offshore Accounts in Your Louisiana Estate Plan appeared first on Progeny Law Firm. http://dlvr.it/THgsVS

In Louisiana, mineral rights—such as those involving oil, gas, and other subsurface resources—are valuable assets that require thoughtful consideration during estate planning. With the state’s rich natural resources and unique legal framework, failing to address these rights in an estate plan can lead to disputes, tax burdens, and lost value. Whether you are a landowner […] The post Managing Mineral Rights in Louisiana Estate Planning: Protecting Your Subsurface Assets appeared first on Progeny Law Firm. http://dlvr.it/THGP6X

Creating an estate plan is one of the most critical steps you can take to protect your assets and ensure your wishes are carried out after your passing. Without a clear plan, your loved ones may face unnecessary stress, financial burdens, and legal disputes during an already difficult time. In Louisiana, the estate planning process […] The post 7 Steps to a Successful Estate Plan in Louisiana appeared first on Progeny Law Firm. http://dlvr.it/TH8jJ8