Legal Question in Wills and Trusts in Louisiana
living will or trusts
What is the different between a living trusts and living will? what will be more better to have. I have grow step kids and me and my spouse have kid together.our children are under 23 years old and my step children are over 23 years old. My spouse want me to have every thing we owe.we both understand about the force -air law about our children.what can my spouse do to prevent my step children trying to give me trouble if he died before me.
1 Answer from Attorneys
Re: living will or trusts
A living will is a document stating that you do not want to be kept on life support systems if you are in a permanent coma or vegetative state.
A living trust is a procedure in which you establish a trust, designate beneficiaries, and transfer all of your assets into the trust. At your death, your assets are distributed according to the terms of the trust.
In general, living trusts are not very effective in Louisiana. You and your spouse can control the distribution of your assets through wills.
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