If you’re planning to leave an inheritance to your children, a trust might be the best way to do it — especially in Louisiana, where legal complexity and forced heirship can impact how assets are transferred.
Here’s why many families choose trusts over simple wills to pass on wealth:
1. Avoiding Succession (Probate)
Assets placed in a properly funded revocable living trust avoid succession entirely. That means:
- No court delays
- No public court records
- Faster access to funds
2. Protecting Young or Inexperienced Beneficiaries
- Leaving a large lump sum to a child turning 18 or 21 could do more harm than good. A trust allows you to:
- Set age-based distributions (e.g., 25/30/35)
- Appoint a trustee to manage the funds
- Ensure funds are used for education, health, or housing
3. Shielding from Creditors and Divorce
In some cases, assets held in trust may be protected from:
- Creditors
- Divorcing spouses
- Irresponsible spending
4. Planning for Blended Families
Trusts are especially useful in second marriages where you want to provide for your spouse but preserve assets for your own children. A trust can:
- Support your spouse during their lifetime
- Leave remaining assets to your children after their passing
5. Supporting Children with Special Needs
You should never leave assets directly to a child receiving government benefits like Medicaid or SSI. A special needs trust can ensure they’re provided for without jeopardizing those critical resources.
Let’s Build a Plan That Fits Your Family
Every family dynamic is different—and your estate plan should reflect that. If you want to protect your children’s future and create a trust that matches your values and goals, Oak Grove is here to help.
Contact us today to explore your options.
