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When a Business Partner Dies Without a Succession Plan

The Overlooked Risk in Business Partnerships Business owners often invest considerable time and money into building their enterprise, but many overlook a major vulnerability: what happens to the business when one partner dies? In Louisiana, the question is further complicated by the state’s unique succession laws, particularly forced heirship. If a co-owner dies without a […] The post When a Business Partner Dies Without a Succession Plan appeared first on Progeny Law Firm. http://dlvr.it/TLg30G

In Loving Memory of All the Pets Who Have Crossed the Rainbow Bridge

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The grief of putting my dog down got me wondering about how animals process grief and how much harder it may be for them since they lack the ability to put their feelings into words the way that humans can. Thus, the idea for this blog focusing on options for pets upon the death of their owners was born. The post In Loving Memory of All the Pets Who Have Crossed the Rainbow Bridge appeared first on Progeny Law Firm. http://dlvr.it/TLKgxg

Estate Planning for Unclaimed Property and Forgotten Assets in Louisiana

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Estate planning is all about clarity—ensuring your wishes are known, your loved ones are protected, and your assets are passed on smoothly. But what happens when some of your assets are overlooked? In Louisiana, unclaimed property is more common than you might think, and forgotten assets can complicate even the most carefully crafted estate plans. […] The post Estate Planning for Unclaimed Property and Forgotten Assets in Louisiana appeared first on Progeny Law Firm. http://dlvr.it/TLCMfM

Forced Heirship and Family Businesses in Louisiana: Protecting Continuity Amid Legal Obligations

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Estate planning for a family business is already a delicate balancing act. But in Louisiana, where unique legal doctrines like forced heirship apply, that balance becomes even more critical. Unlike most other states, Louisiana law limits how freely you can distribute your estate—and that includes ownership shares in your family business. For business owners, forced […] The post Forced Heirship and Family Businesses in Louisiana: Protecting Continuity Amid Legal Obligations appeared first on Progeny Law Firm. http://dlvr.it/TL49Yl

The Big Lesson from Tony Bennett’s Embattled Estate and Troubled Trust

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When one child occupies a position of trust with a parent to the exclusion of other siblings, that causes friction. Extending that position of power after death exacerbates that friction and may cause irreparable harm. It seems that happened upon the death of beloved singer, Tony Bennett. His daughters have sued their brother on two different occasions leveling some unflattering allegations. The post The Big Lesson from Tony Bennett’s Embattled Estate and Troubled Trust appeared first on Progeny Law Firm. http://dlvr.it/TKxj9p

A Hole in Hackman’s Plan

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Eugene Allen Hackman enjoyed a prolific acting career that spanned several decades. In a bizarre sequence of events, seemingly ripped from a movie script, his death raised questions and exposed some flaws in both his end-of-life planning and his Estate Plan. Gene’s final act didn’t result in a happy ending, but rather a tragic tale full of warnings to those who care to listen. The post A Hole in Hackman’s Plan appeared first on Progeny Law Firm. http://dlvr.it/TKpT5m

A Message from the Murdochs – Part II

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Art often imitates life and the latest chapter unfolding for Rupert Murdoch demonstrates that. Most of the time, when an individual creates an irrevocable trust, they part with dominion and control over the assets, and it is difficult to change the terms. Not long ago, the probate commissioner issued his order in response to Rupert Murdoch’s petition to amend the 1999 trust that controls his empire. It didn’t go the way Rupert hoped. Read on to learn more. The post A Message from the Murdochs – Part II appeared first on Progeny Law Firm. http://dlvr.it/TKfWn4