Estate planning in Louisiana is unique.
French and Spanish influences can be found all over New Orleans. The architecture, food, music, and more form the base of our melting pot, but did you realize that these influences are also present in our estate planning laws?
A usufruct is a unique estate planning law that remains from our French and Spanish forefathers.
A usufruct permits a temporary use and benefit of someone else’s property. Louisiana is different from nearly every other state and territory of the United States because a usufruct is the default setting for most community property.
What should Louisiana residents understand about usufructs?
How will usufructs impact the estate planning process?
Will usufructs change your estate planning strategy?
Let’s find out.