If you’re starting your estate plan—or reviewing an older one—it helps to know what the essential documents are. While every family’s needs are unique, most Louisiana residents should have these five foundational tools in place.
Here’s what they are—and why they matter.
1. Last Will and Testament
This document outlines who inherits your property, who manages your estate, and who should care for your minor children (your chosen tutor). If you don’t have a valid will, the state decides all of this for you through Louisiana’s intestacy laws.
2. Power of Attorney
A durable power of attorney allows someone you trust to manage your finances if you’re ever incapacitated. Without this, your family may have to petition the court for authority, creating costly delays and uncertainty.
3. Medical Power of Attorney / Healthcare Proxy
This lets someone make medical decisions on your behalf if you’re unable to do so. It ensures someone you trust—not a distant relative or hospital administrator—is calling the shots.
4. Living Will (Advance Directive)
This document spells out your preferences for life-sustaining treatment. It helps reduce family confusion or conflict and ensures your wishes are known and honored.
5. Revocable Living Trust (Optional but Recommended)
While not required for everyone, a trust can:
- Avoid the public and lengthy succession process
- Provide structure for minor or financially inexperienced heirs
- Protect your family’s privacy and avoid court supervision
Bonus: Beneficiary Designation Review
Make sure your life insurance, retirement accounts, and bank accounts have up-to-date beneficiary designations. These assets pass outside of your will—and if they’re wrong, they override your other planning.
We Help You Cover All the Essentials—Without Overcomplicating It
At Oak Grove, we explain everything in plain English, help you make smart decisions, and create documents that work together as a clear, protective plan.
Start with the essentials. Let’s build your plan today.
