What happens if illness, injury, or age-related dementia renders you unable to make decisions or communicate your wishes regarding your health care or financial affairs? Unless your estate plan addresses these situations, your family may be forced to seek a court-appointed guardian. Health care arrangements are particularly important because your wishes won’t necessarily coincide with […]Continue reading

With the federal gift and estate tax exemption now at a record high $11.58 million for 2020, most estates aren’t taxable. But that doesn’t mean making lifetime gifts isn’t without significant benefits — even if your estate isn’t taxable under the current rules. Let’s examine reasons why gifting remains an important part of estate planning. […]Continue reading

In a world that’s increasingly paperless, you’re likely becoming accustomed to conducting a variety of transactions digitally. But when it comes to your last will and testament, only an original, signed document will do. The original vs. a photocopy Many people mistakenly believe that a photocopy of a signed will is sufficient. In fact, most […]Continue reading

If you’re going through a divorce, you probably feel a little overwhelmed by all the legal and financial items you must attend to before the marriage termination is final. These tasks can be difficult, but revising your estate plan doesn’t have to be. What the law says Divorce generally extinguishes your spouse’s rights under your […]Continue reading

You may use a qualified disclaimer to refuse a bequest from a loved one. Doing so will cause an asset to bypass your estate and go to the next beneficiary in line. What are the reasons you’d take this action? Here are five reasons: Gift and estate tax savings. This is often cited as the […]Continue reading

Is a self-directed IRA right for you? BY THEUS LAW OFFICES Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp up the benefits of these tools by enabling them to hold nontraditional investments that offer potentially greater returns. However, self-directed IRAs present pitfalls that can [...]Continue reading

A Divorce Necessitates An Estate Plan Review BY THEUS LAW OFFICES If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you die or become incapacitated before [...]Continue reading

Time Passages: Estate Planning Through The Years BY THEUS LAW OFFICES Virtually everyone needs an estate plan, but it is not a one-size-fits-all proposition. Even though each person’s situation is unique, general guidelines can be drawn depending on your current stage of life. The early years If you have recently embarked on a career, gotten married, [...]Continue reading

Estate Planning in the Age of Coronavirus is Like a Vaccine. It Must Be Administered IN ADVANCE. BY THEUS LAW OFFICES State of the Union in Louisiana As of this writing, the Governor of Louisiana has ordered the closure of restaurants, bars, casinos, and gyms, in addition to public school.  Colleges have closed their doors moving [...]Continue reading