“Estate planning” can sound like something reserved for the wealthy or retired—but the truth is, every adult needs an estate plan, especially if you own property, have children, or want a say in what happens if you’re ever unable to make decisions for yourself.
Here’s what an estate plan really is—and what it’s not.
An Estate Plan Is a Set of Legal Tools That Do 3 Things:
- Distribute your assets the way you want after death
- Protect your loved ones, especially minor children or vulnerable heirs
- Prepare for incapacity with trusted decision-makers in place
Core Elements of a Louisiana Estate Plan
- Last Will and Testament: Directs who gets what and who will care for your children
- Power of Attorney: Lets someone manage your finances if you become incapacitated
- Medical Directive: Appoints someone to make medical decisions if you can’t
- Revocable Living Trust (optional): Avoids succession court for many families
What It’s Not:
- Just for the wealthy
- Only about death
- A one-time event (it should be reviewed every few years)
Why It Matters
Without a plan, the state decides:
- Who raises your kids
- Who inherits your property
- How decisions are made if you become incapacitated
That can lead to delays, court costs, and family conflict—things you can easily prevent.
Let’s Make It Simple
At Oak Grove, we walk you through your options, explain everything clearly, and create a plan that reflects your values and protects your family.
Start your estate plan today. It’s easier than you think—and more important than you know.
