The loss of a loved one is a trying time. The struggle of the loss is compounded by confusion on correctly addressing their assets and wishes. Reach out to get help to ensure the succession is done right.
Louisiana has unique laws when it comes to managing a decedents’ property. Most states refer to the process as Probate and the property as the Estate. Here, the courts refer to the process as a Succession. This is one of many language difference that starts creating confusion. Regardless of the differences the process generates the same results. The goal is to honor your loved one’s wishes and to efficiently manage the assets within the succession.
No matter where you are it is prudent to speak to an attorney about what to do.
The type of action to be taken is going to be based
on a number of factors.
- Is there a Will?
- What is the total value of assets?
- Where are the assets located?
- How much debt and is it secured?
- Where did the Decedent Reside?
- Are the assets Immovable or Movable?