Mother’s Day Extravaganza hosted by Simply Southern, 10 a.m.–6 p.m. The event will feature cocktails, door prizes and more. 70488 Hwy. 21, Covington, 985-8711466, simplysouthern.com Walgreen’s Greater New Orleans Area Dragon Boat Races and Festival. 8 a.m.–4 p.m., free for spectators, boat registration fees vary. 403 St. Francis St., Madisonville, 985-892-0520, gwndragonboat.com/ neworleans. 2017 NAMI Walks St. Tammany raising awareness and funds to support people with mental illness. 10 a.m., Mandeville Lakefront, 985-626-6538, namiwalks.org/ sttammany. Nature Celebration at Camp Salmen. 10 a.m.–3:30 p.m., free admission. 35122 Parish Pkwy., Slidell, 985288-5901. Old Feed Store Music Series: The Necessary Gentlemen. Begins at noon. Free admission. Marsolan Feed & Seed Store, 316 E. Gibson Street, Covington, 985-892-1434. River Club Community Grand Opening. 4–6 p.m. at the community’s pavilion. Located off River Chase Drive and Brewster Road in Covington, riverclubcovington.com Fidelity’s Concerts in the Park: Swing in the Pines. 6 p.m., free admission. Bogue Falaya Park, 213 Park Dr., Covington. Jazz’n the Vines Outdoor Concert: Kenny Neal. 6:30–9 p.m., $10 adults/under 17 free. Pontchartrain Vineyards Winery, 81250 Old Military Rd., Bush, 985-892-9742. Mother’s Day Wine N’ Canvas Party. 7 p.m., 21 and older. $20 for canvas, a bottle of wine and chocolates. Registration is required. Land-O-Pines Family Campground, 17145 Million Dollar Rd., Covington, 985-892-6023. Historic Dew Drop Jazz Hall Concert: The Roamin’ Jasmine and Phil DeGruy & Emily Robertson. 6–9 p.m., $10 adults/children free. 430 Lamarque St., Mandeville, 985-624-9604.
14 Mother’s Day. Mother’s Day is a celebration honoring the mother of the family, as well as motherhood, maternal bonds, and the influence of mothers in society. Her children rise up and call her blessed (happy, prosperous, to be admired.) Proverbs 31:28 Old Mandeville Historic Association Mother’s Day Home Tour. 2–5 p.m., $20 adults/$12 for 12-18/free for 12 and younger. Tickets at Das Schulerhaus, 611 Girod St., and Jean Baptiste Lang House, 605 Carroll St., Mandeville, 985-626-4975 or firstname.lastname@example.org.
20 St. Tammany Art Association presents “Seersucker & Sazeracs.” 7–10 p.m., $75. Event includes food by Covington restaurants, an art auction, music and remarks by Lt. Gov. Billy Nungesser. Southern Hotel, 428 E. Boston St., Covington, 504-799-9432 or info@ sttammanyartassociation.org.
27 Jazz’n the Vines Outdoor Concert: Honey Island Swamp Band. 6:30–9 p.m., $10 adults/under 17 free. Pontchartrain Vineyards Winery, 81250 Old Military Rd., Bush, 985-892-9742. Historic Dew Drop Jazz Hall Concert: Hot Club of New Orleans. 6–9 p.m., $10 adults/children free. 430 Lamarque St., Mandeville, 985-624-9604.
29 Columbia Street Block Party. 6:30–9:30 p.m., 200-500 block of Columbia Street in downtown Covington, 985-892-1873.
Do you really NEED a Living Trust? Probably Not. WRITTEN BY CHRISTIE TOURNET
OFTEN, CLIENTS APPROACH us because a friend or relative shared the supposed wonders a living trust offers for “avoiding probate” and “tax savings.” Of course, our clients want in on the good deal. But, if your main goals are probate avoidance and cost savings, the living trust is likely not your best estate planning tool. In practice, a living trust often costs more
In practice, a living trust often COSTS MORE THAN A SIMPLE ESTATE PLAN, it does not always avoid probate and it PROVIDES NO TAX SAVINGS. than a simple estate plan, it does not always avoid probate and it provides no tax savings. In truth, an estate plan may better accomplish your goals. For example, establishing a living trust cannot guarantee probate avoidance. Rather, if you forget to correctly title an asset, or any future asset purchase in the name of the trust, the nifty “pour over will” requires that probate still occur. And, most living trust documents are neither simple nor cheap. Rather, you pay not only for drafting the trust document, but also for re-titling all your assets. However, Louisiana law provides very streamlined methods for probate, and Louisiana no longer imposes an inheritance tax. Further, because most living trusts are revocable, the federal tax code also includes the trust assets as part of your federal gross estate. Still, with the federal estate tax exemption at $5.49 million, estate tax avoidance is an issue for few estates. On the other hand, a well-drafted will and power of attorney can hedge an heir dispute and the potential need for an interdiction. And, a simple estate plan and the future probate with placement of heirs in possession is often the more cost-effective route.
Christie Tournet & Associates, LLC, provides estate planning, estate administration and commercial law services. The practice is located at 1795 W. Causeway Approach, Suite 103A in Mandeville. 985-951-2177, tournetlaw.com. Sophisticated Woman | May 2017