Don’t be fooled. See the post published on LinkedIn Pulse: 13 Legal Myths. See our Wills and Estates/Probate Planning, Business Law, Creditor and Debtor Rights and Real Estate Law pages for a discussion of the real Louisiana laws.
To avoid penalties and taxes, liquidated IRAs must be rolled over within 60 days. In a recent Private Revenue Ruling, the IRS waived the 60-day period where the failure to meet the deadline was due to an error by the taxpayer’s financial planner. While this ruling is technically limited to this taxpayer, it does provide […]
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 […]
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, […]