A Revocable Living Trust is one of the most powerful tools in estate planning. It’s “revocable,” meaning you can “revoke” it. It helps you stay in control of your assets while you’re alive, plan for incapacity, and avoid probate when you die. It has many benefits, but … many people make costly mistakes when settingContinue reading “7 Common Mistakes People Make With a Revocable Living Trust”
Tag Archives: Louisiana Trusts
What is a Succession in Louisiana? What does an Administrator Do?
What is a Succession in Louisiana? In Louisiana, a Succession is the process of settling a deceased person’s estate and distributing the property to the heirs after debts are repaid. This is called the “Probate” process in other states. A Louisiana Succession involves the filing of several documents with the Court, including the following: PetitionContinue reading “What is a Succession in Louisiana? What does an Administrator Do?”
Louisiana Gun Trusts
A Louisiana Gun Trust is a legal entity created to own firearms and assist in the acquisition and ownership of National Firearms Act (NFA) weapons. A Louisiana Gun Trust is also an effective way of preserving your firearm collection for future generations.
Scott L. Smith, Jr. - Estate Planning Attorney 