Fundamental Questions
Can I DIY my estate plan?
While it may seem tempting, DIY estate plans often fall short. Many online tools provide generic templates that may not reflect your unique situation or comply with Louisiana law. An experienced attorney, like Julie DesOrmeaux Rosenzweig, ensures your plan is valid, thorough, and specifically tailored to meet your needs.
Why do I need an estate plan if I’m young or have few assets?
Estate planning isn’t just for the wealthy—it’s about securing your future and the future of your loved ones. Even if you don’t have significant wealth, a basic estate plan ensures your assets are distributed according to your wishes and that your healthcare decisions are made by someone you trust.
How often should I update my estate plan?
We recommend updating your estate plan every 3 years or whenever significant life changes occur—such as a marriage, the birth of a child, or a change in your financial situation. Keeping your plan current ensures it always reflects your wishes.
What is a Special Needs Trust?
A special needs trust is a legal tool designed to protect assets for someone with a disability without affecting their eligibility for government benefits. This trust ensures that your child’s financial needs are met while preserving their access to essential support programs like Medicaid. Learn more about Special Needs Planning here.
How much does estate planning cost?
At Julie DesOrmeaux Rosenzweig, J.D., we offer three levels of estate planning to fit various needs and budgets. Our fees range from basic plans for families just starting out to more comprehensive plans focused on asset protection and long-term care. We provide transparent pricing, so you know exactly what to expect.
Why should I work with an estate planning attorney?
An attorney can help you navigate the complexities of Louisiana estate law, create a personalized plan, and ensure your documents are legally valid and enforceable. We take the time to understand your family and financial situation to design a plan that works best for you.