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Home | Wills & Estate Planning | Living Trust | Louisiana Living Trust


Create a Louisiana Living Trust



What exactly is an estate? Where you might automatically think of the beautiful grounds and homes with proper names like "The Willow" or "Morning's Lane," in legal terms, an estate is also something else all together: namely, all that stuff you won't take with you. The term "estate" refers to everything you leave behind you after you pass away, both in tangible assets and debts. Your estate pays off these debts and whatever is left is distributed to your beneficiaries. Or rather, it pays off the debts, and then enters the long process of probate and the costliness of paying taxes.



Looking to avoid probate, shrink your tax bill? Want to provide for immediate transfer of your property after your passing? If you'd like more control of your property, instead of leaving it up to the courts, a Louisiana living trust just might be your answer.

Creating a trust is, in a way, creating a separate entity. Once you create this entity, it, not you, becomes the owner of every piece of property you transfer into it. Property owned by the trust, in most states, will avoid probate and many estate taxes.

For more information about living trusts, check out LegalZoom's free, online legal library. If a Louisiana living trust sounds right for your estate planning needs, form one today by filling out our easy-to-follow online questionnaire. Let LegalZoom give you the confidence that comes with a future well planned.