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Legacy Estate & Elder Law of Louisiana, LLC: Serving Baton Rouge, New Orleans, and Lake Charles - Legacy Estate & Elder Law of Louisiana, LLC
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Since Dolly Parton’s passing, one quote has circulated across the internet: “You can be rich in spirit, kindness, love and all those things that you can’t put a dollar sign on.” While her extraordinary career produced more than 3,000 songs, 49 solo studio albums, and 11 Grammy Awards, it is not simply the music or […]
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Part of what you pay for a qualified long-term care insurance policy can count as a deductible medical expense on your federal tax return, but only up to a limit that increases with your age, and only if your total medical expenses clear a percentage-of-income threshold. For 2026, the IRS caps this deduction at $500 (age 40 or younger) up to $6,200 (over 70), confirmed direct...
If your family owns a business its value can push your estate over the federal estate tax exemption of $15 million per individual in 2026 even if you don't feel "wealthy" on paper. A minority valuation discount lowers the taxable value of a minority ownership stake when you give shares to your kids, because a minority owner can't vote or make decisions alone. Discounts typica...
Most people spend years working, saving money, and building financial security. They often expect those savings to support them in retirement and help their families in the future. One unexpected illness or injury can change those plans. A person who develops Alzheimer’s disease, has a stroke, or faces another serious medical problem may later need […]
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