In this post we discuss two very similar couples. They both have three children, and they both own the same things. They love their families and they want to have an estate plan that protects themselves and their children.
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The first couple is named Will and Wilma. As you might imagine, Will and Wilma created wills to leave their estate to each other and the children.
The second couple is named Trent and Trina. Again, as you might imagine, Trent and Trina created a revocable living trust, and titled their probate assets into their trust so that the probate (or in Louisiana, called, the "Succession") is avoided when each one of them dies.
Your estate planning objectives, along with the type and amount of assets you own, along with the family relationships and dynamics of the recipients of your estate will likely impact that best way to set up your own estate planning legal program.
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Louisiana Estate Planning Attorney
Phone: (225) 329-2450