Trusts

Inherited IRA Still Exempt from Seizure in Louisiana (LA Legislature Overrules SCOTUS – Clark v. Ramaker)

“The whole world is a court case…and we’re all…defendants” ~ Emma Chase Heidi Clark inherited an IRA from her mother.  She then ran into financial difficulties and filed for bankruptcy protection claiming that the IRA was protected under applicable bankruptcy laws as “retirement account.”  The bankruptcy trustee challenged this characterization – and won, which was

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REVOCABLE TRUST NO LONGER NECESSARY TO HIDE ASSET VALUES IN LOUISIANA (“Sealed” Inventory Now Required Upon Request)

REVOCABLE TRUST NO LONGER NECESSARY TO HIDE ASSET VALUES IN LOUISIANA (“Sealed” Inventory Now Required Upon Request) Mrs. Ethel Merman received an invitation to a free educational seminar about estate planning. At the seminar, the promoter suggested that the probate process in Louisiana is: (1) expensive, (2) protracted / burdensome, (3) often litigious, and (4)

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THE COST OF A REVOCABLE TRUST IN LOUISIANA (Does It Measure Out?)

THE COST OF A REVOCABLE TRUST IN LOUISIANA (Does It Measure Out?) BY THEUS LAW OFFICES Mrs. Gladys Holsum received an invitation to a free educational seminar about estate planning. At the seminar, after a long parade of horribles, Gladys was told she needed a revocable trust to avoid an impending calamity. She was told that

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