Basics of the New Tax Law

The basic things you need to know about the Tax Cuts and Jobs Act of 2017. First, most of the provisions of the law go into effect for the tax year 2018. That means it is effective now, but you may not see the actual changes until you go to prepare your tax return in...

Post-divorce Alimony

The proper term for alimony in Louisiana is now permanent spousal support. A recent case on fault and the circumstances under which a spouse is entitled to permanent support is very interesting on several levels. Lydia came to the United states from Russia in 2009 as...

$1.2 Million Executor Mistake

Choosing an executor of your estate is not something you should do as an afterthought. What people sometimes don’t realize is the importance of having a good executor. Even if attorneys are hired by the executor to handle filings and taxes, the executor still...

Lawyer Escape Clause

Lawyers in Louisiana have a sweet deal. If a lawyer is guilty of malpractice he or she cannot be sued once three years goes by from the date of the alleged malpractice. In most tort cases you have one year from the date of your injury or loss to file suit. In some...

Digital Estate Planning

Have you stopped to think about your digital footprint and how your heirs will sort things out? We all have a digital footprint: your online banking, your blog, maybe you own a Website. You probably have iPhone and Amazon accounts. And how about Facebook, Twitter and...

Top Financial Scams

  The top financial scams targeting Seniors According to the National Counsel on Aging, these are some of the top scams: Medicare/health insurance fraud, involving scam artists who pose as a Medicare representative in order to steal personal information. Counterfeit...

Supporting your parents -what will it cost you?

While only about a third of aging parents believe they may need long term care, the fact is that about two-thirds of them actually will need it. In many cases, financially successful children have to step in to pay for their parent’s care. There is obviously a very...

How do I change or revoke a will?

Your will does not take effect until you die. You can create a new will or revoke or amend an existing will up until your death. A will remains valid until properly revoked or superseded. Revoking your will must be done very carefully. Most state laws require that the...

Why do couples avoid retirement planning?

Is the wife mostly to blame? Fewer than half of married couples do any retirement planning at all. A focus group conducted by Hearts & Wallets showed that husbands can get frustrated that wives show no interest at all in retirement planning. One man reported that...

Divorce trumped by beneficiary form

It happens all the time: someone gets divorced but does not think to change the beneficiary of their life insurance and other benefits. Louisiana has some specific laws governing what happens when someone divorces but still has the ex listed as their beneficiary on...