Business and Family Law News
Planning Your Estate and the Documents You Need To Get Started
Knowing where to begin can be the most daunting aspect of estate planning. Most of us know that we need to take precautions to secure our assets and provide for our families after passing, but the specifics of doing so are often murky. After all, making a will or establishing a trust is the beginning of
Read moreEstranged Children and Estate Planning — Can I Disinherit a Child in Louisiana
Estranged Children and Estate Planning — Can I Disinherit a Child in Louisiana Parents usually want what’s best for their children. As a parent, you’ll do anything for your child, even sacrifice most of your life just to ensure they’re safe, happy, and healthy. However, your child has a mind of their own, and you
Read moreEstate Planning for Newlyweds
People always say that weddings are just the beginning of the journey, and they’re right. After the merriment of your big day wears off, it’s time to make a few more big decisions. However, you should prioritize estate planning with your significant other. It may seem morbid for some to think about estate planning. It
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Planning Ahead: What Happens to Your Cryptocurrency When You Die?
The new year presents new estate planning challenges. Each decade introduces more assets that you need to monitor and include in your estate planning documents. One of the more recently popular assets is cryptocurrency or crypto. If you’ve ever dabbled in the world of cryptocurrency, you’ve likely noticed that a small $100 investment has the
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How Does Delta Affect Your Business Succession Plans?
Louisiana small businesses are re-evaluating their business succession plans with the rise in COVID cases and the emergence of Delta. And as frustrating as these delays can seem, I am here to remind you of one key inevitability: The Return Normalcy. While emergency succession planning is incredibly important, it is not the long-term, sustainable succession
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Estate Planning Tips: A Guide to Planning for Incapacity
Many people have difficulty starting their foray into Estate Planning because, let’s face it, confronting mortality by compiling paperwork and filling out forms is no one’s idea of a delightful afternoon activity. A good way to ease into your Estate Planning journey is to start with an achievable goal in mind that can even
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Business Succession Planning – Exit Planning for a Successful Departure
If you are a business owner and are considering departing from your business to pursue retirement, you have probably started to consider your exit strategy. Planning for a successful departure is something I see more often than the traditional sale to a third party. Resources pertaining to selling to a third party often emphasize the
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The Edward J. McCloskey Succession Package
It’s not always easy planning the distribution of your assets. The task can feel daunting because of the amount of detail and planning involved. To make getting all your Succession materials in order easy, The Law Office of Edward J. McCloskey is now offering Individual and Couples Succession packages. This package includes everything you need
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Estate Planning for Families with Children Who Have Special Needs
My theme this month has generally been constant reminders for my clients and readers to keep their Estate Planning documents up to date. A frequently reviewed estate plan is important for everyone, but it is doubly important for those who have dependents with special needs. Special needs planning covers all of your bases: Finances, Public
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Four Common Estate Planning Myths That Can Cause Long-Term Inconveniences
Estate planning is one of the most misunderstood areas of Succession Law. It is also one of the most predictable hiccups in a person’s legal roadmap. More often than not, we hear one of the following three statements at the mention of Estate Planning. “I’m too young.” “I don’t have enough assets.” “I need to
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