April 30, 2014

Estate Planning, Wills and Trust Law

Estate Planning, Wills and Trust Law

If you have lost a loved one in your family, and he or she has left property, it will likely be necessary for you to open a succession.  What is a succession? In Louisiana, a “succession” is a court process that is used to determine the legal heirs and have them placed in possession of the decedent’s property.  When a Will is involved, the Will is probated to determine its validity.  Oftentimes, it is necessary to appoint an executor to manage the succession process.  An executor is responsible for:

  • Identifying and valuing assets
  • Notifying creditors and paying legitimate bills of the decedent
  • Paying state and federal taxes
  • Placing the heirs in possession in accordance with the terms of the decedent’s Will

19706968_sIf the deceased person left no Will, then assets will be distributed to beneficiaries under Louisiana’s intestate succession process.  A succession typically takes six (6) months to a year, depending on the assets involved, but it may take longer if there are complex assets or disputes.

At the Moody Law Firm, in addition to representing executors, our attorneys represent heirs and beneficiaries in Will contests and other issues that may arise in the succession process.  We also handle cases where there is no Will, and we can help work through the probate and succession process.  Contact our Hammond probate attorneys at (985) 542-1351.

While end-of-life planning is a difficult topic to talk about, it is nonetheless something all responsible people should do.  Careful estate planning and administration of a succession provides comfort to a person that the property he or she has spent a lifetime acquiring will be distributed in the manner he or she intends.  With the help of the lawyers at the Moody Law Firm, clients can rest assured that their planning and administration goals will be met, relying on the advice of more than 38 years in the practice of law.  This experience allows us to provide clear direction and cost effective legal strategies for our clients. A client-centered approach to the law allows us to provide unique ideas and solutions for a wide range of issues involving life planning and inheritance, including:

  • Successions/Probates
  • Succession Administration
  • Contested Successions and Wills
  • Trusts and Guardianships