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Call us today for a free telephone consultation with an estate planning attorney.

504-368-2700

Louisiana Estate Planning Law Firm


Planning for your death may be something you find frightening.  However, having the right plan in place is financially prudent and will ease the stress for your loved ones.  Estate planning in Louisiana is unique because of certain concepts such as forced heirship, usufructs, and the community property regime.  You should have an experienced Louisiana estate planning attorney to ensure your last wishes are carried out.

estate planning in Louisiana

Wills

The only way to truly ensure that your wishes at death are known and carried out is to have a will.  Estate planning does not have to be complicated in order to be effective.  If you own property, have children, recently married or divorced, or would like to make a specific bequest at your passing, then now is the time to prepare your will.  Likewise, if you have an existing will but have not reviewed it in years, now is the time to make certain that your will fits your current needs and desires.

Power of Attorney

In addition to drafting wills, we can help you draft a durable power of attorney.  Powers of attorney can be general or specific and are designed to ensure the continued management of your affairs in the event that you become incapacitated during your life or in the event you know you will be absent for a specific transaction.  A general power of attorney may confer full power to make financial decisions.  A real estate power of attorney may grant an agent the ability to buy, sell, or lease immovable property.

A medical power of attorney gives authority to another person to give consent to healthcare providers on your behalf if you are unable to do so.  A living will specifies the type of medical care a person wishes to receive or not receive if one becomes incapacitated or seriously ill and unable to communicate.

Trusts

Trusts are juridical entities that can have ownership of property.  One benefit of trusts in estate planning is allowing money and other assets to grow tax free until disbursed to the beneficiaries.  There are many types of trusts, but one of the most common is a testamentary trust which may be included in one’s will.  These are sometimes beneficial when a person has significant assets or life insurance policy and/or they have minor children.  The trust allows periodic disbursement rather than leaving it all at once and is beneficial to minor children as they will have a trustee to manage the assets for them.

Special needs trusts are commonly used when an heir has a disability for which they receive public assistance.  It can help ensure that the special needs beneficiary does not lose their benefits upon inheritance.  

Another common trust is a living trust, which is put in place during one’s lifetime and serves as a way of giving part of an estate to a loved one prior to death while still maintaining control over the assets as the trustee.  An act of donation is similarly used during one’s lifetime, but the property is wholly transferred and the donee can then do with it as he or she pleases.

New Orleans Estate Planning Attorneys

Bowes, Petkovich & Palmer, LLC is a Gretna law firm that has served the New Orleans area since 1980.  Our experienced estate planning lawyers can analyze your situation and advise you throughout the process.  We take pride in offering a personal and trusted experience.  Call us today for a free consultation and find out why so many of our clients come back to us.

New Orleans attorneys

 

Estate Planning News

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    What is Domicile and How Does it Affect Estate Planning? Moving from one state to another is a significant life event.  It should include careful planning and attention to tax details.  Louisiana does not have a state inheritance or estate tax.  This differs from many other states that do impose a state level estate tax, which in many instances is in addition to the federal estate tax.  If you have moved to Louisiana from another state, you may be able to eliminate the state [READ MORE]
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    When to Update a Power of Attorney: A power of attorney (POA) is an important legal tool.  It is commonly used for estate planning, medical management, financial management, and real estate transactions. A POA should be reviewed every few years for possible updates.  It may become necessary to update a power of attorney when life situations change, a new agent is needed, or when there are changes in the law.  You have the right to amend or revoke a power of attorney any time, and [READ MORE]
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    Why You Should Have a Digital Estate Plan:  Estate planning has expanded beyond the traditional scope of wills, trusts, and powers of attorney.  In modern times, significant part of our lives exists digitally.  Your traditional estate plan likely does not account for what happens to your digital assets after death.  A digital estate plan comes into play as a method for organizing your online information. Creating a digital estate plan provides access to information that your [READ MORE]

Location

2550 Belle Chasse Highway
Suite 200
Gretna, Louisiana 70053

Contact

info@bpp-law.com

504-368-2700 (main)

504-368-2900 (fax)

Hours

Mon-Fri, 8:30 a.m. to 5:00 p.m.

We are available by appointment during non-business hours.

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