Carefully Planning Your Estate
At Weems, Schimpf, Haines & Moore (APLC), we give every client a personalized strategy for their estate plan based on a close professional relationship. Before we begin to create an estate, we work closely with clients to understand their needs and the potential problems that may occur. This holistic approach allows us to avoid problems and ensure that clients are set up for long-term success.
Helping Clients Make Smart Decisions About Their Estate Plans
A comprehensive estate plan can involve many legal instruments, including a will, trusts, power of attorneys and several other types of assets that will not go through probate. Our individualized approach allows us to determine the best possible arrangement of assets to accomplish your goals. We ensure that your assets go to your desired place and help estates efficiently navigate probate. Additionally, We also provide families guidance in successions.
Louisiana allows people to give property to another person via a device called a usufruct. However, we don’t recommend this approach. A usufruct is simply a poorly drafted trust which can lead to a lot of complications.
Planning For The Unexpected
While you can’t foresee the future, you can plan for problems that may occur. One of the ways you can do this is through a living will.
A living will specifies what type of medical care you would like to receive if you are in an end-of-life situation. It contains issues that need to be discussed with your attorney. For example, if you are in a vegetative state like Terri Schiavo, what do you want to happen? Do you want feeding tubes or no tubes? A living will can’t be broadly worded or pulled off a shelf. Your attorney needs to know what you think and put it into your living will.