5 Common Questions about Succession in Louisiana
– Helpful Guidance from an Experienced Succession Attorney in Shreveport
Many of us understand that having a will in place is a smart move. It assures you and your heirs that your final wishes will be carried out. Before they can receive your best chinaware or your home in Louisiana, your estate must go through a process called succession. Understanding what that means and how it applies to you can give you and your family the confidence you need when it’s time to go through it.
Choose to work with a succession attorney in Shreveport with the experience and knowledge to help you navigate the confusing laws. David L. White is very knowledgeable about how the process works and strives to ensure your family is properly cared for in your succession plan. You can feel confident that his guidance can assist you and your family in avoiding a bitter battle.
5 Most Common Questions about Succession Law in Louisiana
Some estates are pretty cut and dry. There are the ones with few items to handle and even fewer heirs to whom your estate gets distributed. Then there are others that can put a family to the test. In either case, you need to know some of the basics of succession rules in Louisiana. Here are answers to five common questions:
- What is succession? It’s a process used to distribute a deceased person’s assets and settle any financial obligations. The process is also used to transfer an estate to the respective successors by determining the successors’ identity and transferring ownership to them.
- How long does it take to complete a succession? The simple answer is, “it depends”. There are quite a few factors that weigh into the final cost, such as the estate’s complexity and how long it takes to gather all the required information. Generally, you can expect the process to be completed in two to six months; however, it’s not uncommon for some to remain open for years.
- I have a will. Does my family still have to go through the succession process? Yes. A will helps override Louisiana’s intestacy laws to show who inherits your assets. It’s not used to transfer your estate to your heirs. That’s what a succession will do.
- How much does it cost to do a succession? Keep in mind that the total cost will include attorney fees, court filing fees, real estate fees, accounting fees, and any fees for your estate’s executor. Each case is different, so speaking with your Shreveport succession attorney is the first step.
- Can I plan a succession without an attorney? Technically you could, but it’s not advised. Hiring a lawyer familiar with Louisiana’s estate and succession laws can help you navigate all the nuances of estate laws and avoid leaving out potential forced heirs that may cause headaches later.
Hire David L. White to Establish a Proper Succession of Your Estate
No one wants their family battling over possessions or worrying that the courts will not abide by your wishes. Avoid the added frustration during a sad time by hiring David L. White as your succession attorney. We stand ready to help you secure the future of your loved ones when you call us today!
Contact your succession attorney in Shreveport, Louisiana, to discuss your situation and discover your options. Give us a call at 318-747-7023.
