Progeny Law Firm

When you begin building an estate plan in Louisiana, you quickly run into two primary options for distributing your property: a simple will and a living trust. Both tools allow you to decide who receives your assets after you pass away, but they operate under completely different legal mechanisms. Selecting the right path requires understanding […] The post Living Trust vs. Simple Will: Let the Facts Guide You appeared first on Progeny Law Firm. http://dlvr.it/TVxhZP

Running a business or managing real estate comes with regular financial risk. Whether you operate a commercial contracting company, manage residential rental properties, or practice in a high-liability professional field, a single lawsuit can threaten the wealth you have spent years building. If you hold business assets or investment real estate in your own name, […] The post Consider an LLC or FLP for Small Business Asset Protection appeared first on Progeny Law Firm. http://dlvr.it/TVdHB1

When you think about estate planning, your mind probably jumps straight to what happens after you pass away. You think about who gets the house, how your bank accounts will be divided, and who will receive your personal keepsakes. However, a complete estate plan addresses more than just the end of your life. It also […] The post Incapacity Planning: Understanding Powers of Attorney appeared first on Progeny Law Firm. http://dlvr.it/TVWzS1

Creating a will is one of the most important steps a person can take when preparing an estate plan. A will can identify who should inherit property, name the person responsible for handling the estate, and provide instructions for carrying out the deceased person’s wishes. However, one of the most common misconceptions about estate planning […] The post Why Having a Will Does Not Avoid Succession in Louisiana appeared first on Progeny Law Firm. http://dlvr.it/TVJL0r

Individual retirement accounts can represent a significant portion of a person’s accumulated wealth. Inheriting an IRA in Louisiana involves specific beneficiary and tax rules, since these accounts do not necessarily transfer in the same way as a home, bank account, or other property. Those rules determine what happens next. For Louisiana families, IRA inheritance planning […] The post Inheriting an IRA in Louisiana: What Beneficiaries Need to Know appeared first on Progeny Law Firm. http://dlvr.it/TVBq06

Shannen Doherty spent years fighting breast cancer with courage and candor. In her final days, she also fought to finalize her divorce – signing the settlement just one day before she died. More than a year later, her estate is still fighting to enforce it. Shannen’s story is a powerful reminder that even the best-laid plans can unravel when the wrong people are involved – and that naming the right Trustee may be the most important decision you ever make. The post Still Fighting: The Estate Planning Legacy of Shannen Doherty appeared first on Progeny Law Firm. http://dlvr.it/TTgB2S