FAQs on Louisiana Law
Frequently Asked Questions
Divorce, Custody, Child Support
Goff and Goff does not sell insurance, annuities, or other financial “products.” Goff and Goff applies the law to your specific facts and provides you with an unbiased strategy that is best for your family. Some financial planners claiming to provide advice regarding Medicaid and Long-Term Care options ultimately intend to sell you an insurance policy, annuity, or other financial “product” or investment for which they potentially will obtain large commissions in addition to their planning fees. Not only are you paying a planning fee to non-lawyer to give you legal advice,*** but that non-lawyer has every incentive to steer you towards the sale of one of his or her financial products or insurance policies. That conflict of interest does not exist with Goff and Goff. Prudence dictates that one should get legal advice from a lawyer, not a salesman.
***Planning and implementing strategies for long-term care (Medicaid) eligibility and Veterans Pension Benefits require application of your specific facts to the numerous federal and state statutes and regulations. Planning and advice and the provision of legal documents by non-Louisiana-licensed attorneys (including notaries) constitutes the illegal unauthorized practice of law subject to civil and criminal penalties despite any fine-print disclaimer provided by the financial planner. C.f., La. R.S. 37:212 et seq.
Wills, Estates, Trusts, Successions
BEWARE of internet sites purporting to draft valid wills for you. Louisiana law is different from all other states, and a will drafted “over the internet,” though valid in most states, may not at all be valid in Louisiana. You should always have a will reviewed by an attorney licensed in Louisiana before you rely on it.
(1) Subject to certain limitations, you can dispose of your property as you see fit.
(2) You can appoint an executor and an attorney of your own choosing who will handle your estate;
(3) You can plan the distribution of your estate so as to get the maximum tax benefits.
(4) You can, in many instances, lessen the costs of settling your estate.
(5) Property that will be inherited by young people or other persons not competent to handle the property can be placed in trust for them.
(6) You can name a person to take care of your minor children if your spouse does not survive you.
The following are four practical steps in planning your affairs which, if approached conscientiously, will save time and facilitate sound results:
(1) Inventory Your Assets.List in reasonable detail all your property , including debts and obligations.
(2) List Your Relatives and those whom you wish to participate in your estate.
(3) Decide What You Want to Accomplish.What are your objectives, and to whom you wish your assets distributed?
(4) Then Meet With Your Lawyer and other advisors to work out the details and to prepare the necessary documents.
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