Louisiana studies pet trusts


Is Louisiana ready for trusts for pets? Remember the multi-million dollar trust Leona  Helmsley created for her beloved dog, Trouble? Well, trusts for pets are not currently allowed under Louisiana law.  But, that may be about to change. The Louisiana legislature passed a resolution during its 2011 session asking the Louisiana Law Institute to study the issue.  The […]

Parents are forced to leave portion of estate to children with bipolar disease

Per three court decisions, children with bipolar disease are “forced heirs”. This is a Louisiana inheritance concept whereby parents are “forced” to leave a part of their estate to certain children. Prior to 1995 all children were forced heirs and were entitled to inherit unless disinherited. In 1995, forced heirs were redefined and are now: 1.  Any child, […]