Blog Articles and Resources

Vicknair Law Firm

How Much can You Inherit and Not Pay Taxes?

How Much can You Inherit and Not Pay Taxes?

Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in unless an estate exceeds $11.7 million.

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How Do You File Taxes If Your Spouse Dies?

How Do You File Taxes If Your Spouse Dies?

About 1.5 million Americans become widows and widowers in a normal year, but the pandemic has boosted that significantly. The National Center for Family and Marriage Research at Bowling Green State University estimates that about 380,000 of more than 700,000 people in the U.S. who have died from Covid were married.

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What Do I Need in My Estate Plan?

What Do I Need in My Estate Plan?

An effective estate plan uses a collection of documents and teamwork to protect one’s assets and personal property. An effective estate plan also explains and carries intentions of how to pass control down to successors in the event of your absence.

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What is Louisiana Forced Heirship?

What is Louisiana Forced Heirship?

Louisiana Forced heirship has not been repealed. It can be a pitfall for the unwary who may think it only applies to children under the age of 24. A good estate planning attorney should be consulted if you have litigious children.

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