Louisiana Wills and Probate
Are you trying to recover from a loved one's recent death? Do you face a complicated maze of succession (the term for probate in Louisiana) legal procedures and processes? Are you staring down a huge stack of estate plan papers that appear to be written in a foreign language? Do you dread opening mail related to the estate of your loved one?
If these questions reflect the reality you confront, take a deep breath and try not to become overwhelmed. You do not have to undertake the succession process alone. Qualified and capable local help is available to you in the form of Louisiana wills and probate attorneys.
What Is Entailed with Succession (Probate)?
Probate is referred to as succession in the state of Louisiana. The process plays out in the court and is used to ascertain the validity of a testator's will and to appoint an executor of the estate to manage and direct the entirety of the succession process. Succession, as a process, generally requires about six months to one year from beginning to end. Of course, it depends on the size of the estate, the assets involved, and complexity of the properties contained or comprised within the estate. The more complex the property or assets, the more likely there are to be disputes over the property, which translates into a requirement of more time needed for the succession process.
Executors bear the following major areas of responsibility in Louisiana, throughout the succession process:
- Valuing assets
- Notifying creditors of the estate
- Paying legitimate debts of the estate and testator/decedent
- Selling real estate
- Selling other assets
- Distributing assets of the estate to the beneficiaries entitled to receive them under the testator's will
If there is no will, then the last task is modified slightly, and assets of the estate are distributed to beneficiaries not in accordance with a will, but instead under the laws of intestate succession (dying without a will and reverting to default state laws) for Louisiana.
What Do I Have to Do as Executor of a Louisiana Estate?
If you have been named as the executor of another party's estate in Louisiana, the responsibility you have been granted is significant. This is because, as executor in Louisiana, you can be held liable on a personal level for any mistakes made during estate administration.
Because of this serious liability exposure, many executors wisely determine that their interests are best protected through seeking the assistance of a knowledgeable, skilled legal advocate in the wills field. Having the benefit of partnering with a wills and probate attorney in Louisiana can prove invaluable when an executor goes to navigate the succession process and its complicated procedures. Probate, or succession, lawyers practicing in the state have the legal acumen required to explain the responsibilities of an executor in detail, as well as to tackle a battery of questions about all aspects and phases of the succession process within the state.
Contact a Louisiana Wills Lawyer Today
Wills and probate lawyers are able to advise you on whether your will is legally valid. Local succession attorneys can also help you avoid hefty tax burdens, fees, costs, and time delays by undertaking advanced estate planning with them, staying organized, working ahead of time, and regularly reviewing and updating your financial and legal health under their guidance. It is a smart idea to consult with a locally-based wills lawyer today. Call now to speak with a succession attorney in Louisiana at 877-913-7222.