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2712, 2017

Charitable Estate Planning: Understanding the Limitations of Income Tax Deductibility

By |December 27th, 2017|Uncategorized|Comments Off on Charitable Estate Planning: Understanding the Limitations of Income Tax Deductibility

Wealth Planning Law Group’s month-long blog series on charitable estate planning continues with a look at the limitations of income tax deductibility on charitable giving.

As we discussed in our previous blog on charitable estate planning, an outright gift is one of the simplest forms of charitable giving. This type of giving occurs when an individual […]

2012, 2017

Five Popular Charitable Estate Planning Strategies

By |December 20th, 2017|Uncategorized|Comments Off on Five Popular Charitable Estate Planning Strategies

Many people who accumulate social capital will look for opportunities give back and support their favorite causes. Charitable estate planning is a fantastic way of building a philanthropic legacy while protecting the wealth you have worked so hard for. It can also help you save on income, estate, and other taxes. Here are five popular […]

1312, 2017

The Process of Charitable Planning

By |December 13th, 2017|Uncategorized|Comments Off on The Process of Charitable Planning

Many people who accumulate wealth will at some point look for opportunities to give back to their community or to their favorite charitable causes. Philanthropy is a noble pursuit allowing you to do some real good in the world. It can also provide some major benefits such as savings on income and estate tax.

The process […]

2811, 2017

How a Declaration of Paraphernality Can Protect Your Assets

By |November 28th, 2017|Uncategorized|Comments Off on How a Declaration of Paraphernality Can Protect Your Assets

As discussed in our previous blog, Louisiana is a community property state, meaning that spouses own and owe everything equally. Income received or property acquired during the marriage is community property, regardless of who earned, acquired, or spent the assets. In divorce cases, Louisiana courts typically split the spouses’ community property 50-50, unless there are […]

2111, 2017

What Makes Louisiana a Community Property State?

By |November 21st, 2017|Uncategorized|Comments Off on What Makes Louisiana a Community Property State?

Louisiana is one of a few states that observe “community property” laws. Community property is defined as everything spouses own together, whether that be earned income, debts, or property acquired during the marriage. In community property states spouses own and owe everything equally, regardless of who earned or spent the assets.

More specifically, the types of […]

1411, 2017

When To Update Your Estate Plan

By |November 14th, 2017|Uncategorized|Comments Off on When To Update Your Estate Plan

Some clients believe that once their estate planning documents are drafted, that they are completely done with the estate planning process. But this is incorrect. Estate plans need to be regularly updated to make sure the plans comply with current Louisiana laws and that the documents reflect your current wishes and family structure (ex: marriage, […]

911, 2017

Who Should Consider A Prenuptial Agreement?

By |November 9th, 2017|Uncategorized|Comments Off on Who Should Consider A Prenuptial Agreement?

As discussed in our previous blog, a prenuptial agreement is a legally binding agreement designed to protect an individual’s wealth, whether acquired prior to or during the marriage. Anyone who is getting married or who is planning on getting married should consider a prenuptial agreement. This is especially true if he or she owns real […]

211, 2017

What are the Benefits of a Prenuptial Agreement?

By |November 2nd, 2017|Uncategorized|Comments Off on What are the Benefits of a Prenuptial Agreement?

It is an unfortunate statistic that approximately 50% of all marriages end in divorce. In Louisiana, a community property state, divorce courts typically split everything spouses own together (income earned, debts incurred, property acquired) 50-50, regardless of who earned or acquired them. If you want to protect your assets as they pass from generation to […]

2610, 2017

Issues to Consider in the Probate Process

By |October 26th, 2017|Uncategorized|Comments Off on Issues to Consider in the Probate Process

Losing a loved one is an emotionally devastating and stressful time. You may begin to wonder how you can carry on without that person, how your family members will cope with the loss, or even what will happen to your home and financial well-being in the future. When you add this fear of the unknown […]

1710, 2017

Avoiding Issues in Business Succession Planning

By |October 17th, 2017|Uncategorized|Comments Off on Avoiding Issues in Business Succession Planning

During our years in practice, Wealth Planning Law Group has successfully counseled many business owners, guiding them from foundation all the way through succession planning. We understand that as a business owner, you have invested years and countless resources into your company. We want to help you protect your business, to make sure it remains […]