Chip LoCoco was born and raised in New Orleans, Louisiana, where he attended Jesuit... more
Chip LoCoco was born and raised in New Orleans, Louisiana, where he attended Jesuit High School and received his BA degree from Loyola University in 1990 with a concentration in History. He then went on to receive his J.D. degree from Loyola University Law Schoolin 1993 and joined his father's firm, Many LoCoco, after being sworn in as an attorney in October, 1993. Chip's emphasis in his law ... view profile
Melinda Tucker is a probate, estate, and succession attorney based in the New... more
Melinda Tucker is a probate, estate, and succession attorney based in the New Orleans, Louisiana, area. She handles all estate litigation and Louisiana probate and succession matters for the firm. Her practice includessimple to complex trust and estate conflict resolution and litigation, post-death estate administration, conservatorships, guardianships,and estate and small business planning. ... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.