In Louisiana, when someone passes away their possessions and are passed on to heirs or beneficiaries according to the provisions in a will. This is usually done after the assets are rounded up and used to settle debts with creditors, a process known as a “succession.” In other states, this is also known as “probate.”
If you need assistance with a succession to ensure the last wishes of the deceased are honored, contact a Baton Rouge estate planning attorney. At the Leger Law Group, LLC, attorney Siobhan Leger has assisted numerous clients with the development and execution of successions, including several high-value and high-complexity cases with numerous beneficiaries. Her skill has earned her several distinctions, including being named in the “Top 40 under 40” by the National Trial Lawyers in 2015.
Call the Leger Law Group, LLC at (225) 522-4996 for a free initial consultation.
Successions are a way of legally entitling an heir or beneficiary to a possession or asset after you have passed on. This allows your beneficiary to claim legal ownership of them, take out loans against them, sell them, and more.
A succession can help ensure that your possessions pass on in a way you desire, however they must be valid under Louisiana law in order to be fully-functional. An intestate succession is either partially or completely invalid under law, leaving all or part of your estate up to the decision of courts and your beneficiaries will likely not receive what you have left to them in the way you wish. Avoid this by drafting your estate plan with the assistance of a skilled attorney.
Do not hesitate to contact the Leger Law Group for assistance with the succession process today!