Progeny Law Firm

Estate planning can be complicated, especially when it involves large estates with various assets, family businesses, or charitable giving. For many individuals, appointing a trustee to manage the estate after their death is one of their most important decisions. While family members or close friends are often chosen as trustees, there are situations where a […] The post The Role of a Corporate Trustee in Managing Complex Estates appeared first on Progeny Law Firm. http://dlvr.it/TFx34s

Some individuals create a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, Health Insurance Portability and Accountability Act Authorization Act and think that those documents alone constitute a complete Estate Plan that will protect their family. While the documents themselves represent a solid beginning, the documents don’t cover every asset or concern. A qualified Estate Planning attorney will consider all and provide advice regarding all the elements necessary for a complete Estate Plan. The post Estate Planning: There’s Something Here for Everyone – Part II appeared first on Progeny Law Firm. http://dlvr.it/TFhF0t

Despite knowing that they should have an estate plan, many individuals give excuses for failing to create an Estate Plan. They may rely upon advice from seemingly well-intentioned individuals that if they do not have a taxable estate, they don’t need a plan, or that each state has its own set of rules regarding distribution that gives assets to beneficiaries upon death. Some folks go so far as to suggest methods to avoid probate without truly considering the impact of those suggestions. This article explores the most commonly cited reasons for failing to create an Estate Plan and addresses the invalidity of these excuses. The post Estate Planning: There’s Something Here for Everyone – Part I appeared first on Progeny Law Firm. http://dlvr.it/TFRckp

When a loved one passes away, their assets are not the only things left behind—debts must also be addressed. In Louisiana, these debts don’t simply vanish after death. Instead, they must be resolved through the estate during the succession process. Understanding how inherited debts are managed in Louisiana is essential for the executor handling the […] The post Handling Inherited Debts in Louisiana: What You Need to Know appeared first on Progeny Law Firm. http://dlvr.it/TFCdLn

Estate planning is an essential process that allows you to decide how your assets—like money, property, and valuables—will be distributed after your death. It ensures that your loved ones are cared for and your wishes are respected. In Louisiana, estate planning is particularly complex due to the state’s unique forced heirship laws. These laws, based […] The post The Impact of Louisiana’s Forced Heirship Laws on Estate Planning appeared first on Progeny Law Firm. http://dlvr.it/TDyJtd