View Recent Blog Posts in Estate Planning, Wills, Trusts and Successions

  • Louisiana First Circuit Declines to Supply Right of Publicity to Barry Seal Succession By James R. “Sonny” Chastain, Jr. On June 21, 2018, the Louisiana First Circuit Court of Appeals addressed the right of publicity and right of privacy in connection with Barry Seal (“Seal”) and the movie titled “American Made”.  In 2014, Universal City Studios, LLC (“Universal”) entered an agreement to purchase the life story of Barry... Continue Reading... ....
  • IRS Information About Exempt Organizations By Carey J. Messina and Kevin C. Curry Do you want to find out more information about the organization asking you for money? The Internal Revenue Service has launched a new tool on IRS.gov that gives fast and easy access to information about exempt organizations.  The new tool is called the Tax Exempt Organization Search... Continue Reading... ....
  • The Tax Cuts and Jobs Act (TCJA) Makes Significant Estate and Gift Tax Changes By Carey J. Messina and Kevin C. Curry On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the “TCJA”). The TCJA enacts a number of important tax changes, including some significant changes to the federal gift tax and the federal estate tax that take effect in 2018. Specifically, the TCJA doubles... Continue Reading... ....
  • The Tax Cuts and Jobs Act (TCJA) and Its Impacts on Businesses and Individuals Overview On December 22, 2017, President Trump signed into law H.R.1, also known as the Tax Cuts and Jobs Act (the “TCJA”). The TCJA makes the most significant and sweeping changes to the federal taxation of business and individuals in more than a generation.  Due to the unusual speed with which the TCJA went through... Continue Reading... ....
  • New IRS Regulations Aim to Eliminate Powerful Estate Planning Strategy By Kyle McInnis and Kevin Curry On August 2, 2016, the Treasury Department issued new proposed tax regulations that would substantially eliminate many of the valuation discounts used for transfer tax purposes by family-owned businesses.  The regulations disregard restrictions on the redemption and liquidation of a family-owned business for valuation purposes.  In effect, this would... Continue Reading... ....
  • Low Energy Prices, Low Interest Rates, Rise in Federal Estate Tax Make Estate Freeze Transactions Attractive By Kyle C. McInnis The recent downturn in energy prices has given consumers a welcomed break at the gasoline pump. The people producing the energy, however, from landowners, to oil companies, to oil field service providers, have felt the full negative effects of the steep price decline. Those producers are seeing price pressure at every... Continue Reading... ....
  • Tax Provisions In Highway Trust Fund Extension Law By Kevin C. Curry On July 31, 2015, President Obama signed into law the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015” (the Act).  The Act was primarily designed as a temporary extension of the Highway Trust Fund and related issues.  However, the Act also includes a number of important tax provisions,... Continue Reading... ....
  • Laws Governing Trusts in Louisiana Became Animal-Friendly This Year By Mark D. Mese and Carey J. Messina The Louisiana Legislature added a new chapter to our Trust Code in 2015 entitled:  “Trust for the Care and Benefit of an Animal” (click here).  The statute is new and is modeled on similar provisions in the Uniform Trust Code and the Uniform Probate Code. Under the... Continue Reading... ....
  • Electing Portability – It’s Not Too Late to File The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was signed into law on December 17, 2010, and included a key provision – providing for “portability” between spouses of the unified credit. On January 2, 2013, the American Tax Relief Act of 2012 (“ATRA”), was signed into law, including a provision making... Continue Reading... ....
  • Financial Planning for the Growing Family – Seven Important Tips for New Parents By Kyle C. McInnis New parents have to make a number of adjustments to their lives. From dealing with diaper rash to sleep deprivation, they have a lot to deal with. But parenting duties are not limited to physical care of a child. There are numerous financial parenting tips that every new parent must consider.... Continue Reading... ....