Estate Planning Resources
E state planning should not be an intimidating task. Here are free and low - cost services that can assist in creating wills. All that is required is an internet search for a service such as one of the following organizations and choosing the correct resource. FreeWill, Tomorrow, Do Your Own Will, Fab- ric, LawDepot, Legal Services Corporation, Trust & Will, My Legacy Items, Total Legal, Willing, and Rocket Lawyer. Other programs exist across the country, and some have age or income limits, but seniors are not the only beneficiaries. In some areas, disa- bled people may qualify, as well as veterans, active - duty military, and first responders. Type “ pro bono will ” followed by “ Louisiana ” or your state ’ s name into an online search engine to see what programs are available. According
to the study published by the Joint Congression- al Economic Committee titled Economic State of Black America in 2020, “ intergenerational wealth transfers are a determining factor in the distribution of wealth in the United States and of the racial wealth gap in particular. ” Protect- ing intergenerational wealth transfer over the next several decades will need to become a pri- ority for African Americans and estate planning will remain an important responsibility in black households. Wealth not only relates to financial savings; it provides access to the political process and, therefore, makes exerting political influence possible. Households with wealth often have above average economic security and can do- nate time and resources, which help influence local policies that are important to black com- munities.
Disclaimer: **Louisiana Law regarding estate planning and successions is complex, especially depending on specific circumstances. This article is intended to provide general awareness and is no substitute for expert estate planning and legal advice.
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