When a family member passes away, loved ones will typically have the responsibility of settling the estate. This means making sure that every asset goes where it was intended to go, paying off remaining debts and adhering to the wishes of the decedent. Succession is the process of distributing assets from the estate, and it can be challenging.
In a time of grief, it can be incredibly difficult for a Louisiana family to deal with issues related to accounting for, valuing and distributing assets. It is especially challenging when things are missing or there are disputes regarding what should happen to the estate. When legal requirements are not met during the succession process, it can lead to additional complications and add to the time it takes to close the estate.
Succession and probate are legal processes that are best approached with the assistance of an estate planning and administration attorney. Even in cases where the estate seems straightforward and there are no disputes among family members, it is prudent to have experienced guidance. This can help a family avoid complications, take care of matters in a timely manner and meet the requirements necessary to move forward with the distribution of estate assets.
After the death of a loved one, a Louisiana family will find it beneficial to consult an estate planning attorney. An assessment of the estate can help beneficiaries understand what to expect from probate and succession, as well as what will be required of them. They can also address specific concerns with a professional experienced in the complexities of succession and estate law.