Looking for a Succession Attorney?
Finally, a law practice focused on succession needs
But don't all lawyers do successions?
It sure seems that way! Pull up any lawyer website these days and you are sure to find "successions" listed as an area of practice right along with just about everything else. It is hard to believe that those folks are that good at everything.
We are different. We just handle successions and estate planning. So, are you looking for a Succession Attorney, or just an attorney..who does successions?
Succession & Estate Planning Q & A
Frequently Asked Questions
Question: What is a Succession?
A “succession” is a legal process for wrapping up the financial affairs of a deceased person (decedent). Generally, the process involves identifying and gathering the assets of the decedent, paying the debts of the decedent, and then distributing the decedent’s assets to his or her beneficiaries...
Question: Do I Need Estate Planning?
As Benjamin Franklin once said, “in this world nothing can be said to be certain, except death and taxes.” Given these inevitable certainties of life, many people nevertheless still put off estate planning. From being too busy to deal with it today and thinking that you have plenty of time to take care of it some other day, the failure to timely plan for the inevitable can leave your family having to pick up the pieces if something does happen to you....
Small Business Asset Protection
Question: I own a small business and am worried about frivolous lawsuits taking everything I have worked for. What can I do in the way of estate planning to protect my assets?
Turn on the evening news or flip open the local newspaper and you are sure to see a story about some small business owner getting sued. Litigation is rampant these days! Unfortunately, small business owners are increasingly becoming the target of damage lawsuits...
Question: Should I gift my house to the kids so I can go on Medicaid?
Medicaid planning can be tricky. Making the wrong move can cost you and your family a great deal. Simple planning, well in advance, can solve these problems by...
Bank Account & Wages
Question: My spouse just passed away. I need to access money from the bank accounts to pay bills and funeral expenses. Can I access the accounts now, or do I have to wait for a succession to be finished in order to get access to the funds?
Fortunately, Louisiana law provides a few quick, non-judicial, ways to access funds in bank accounts after the death of a parent or spouse. These procedures are useful in order to obtain immediate access to funds held on deposit in the event money is needed to pay bills or funeral expenses immediately following the death of a loved one...
Deceased Spouse’s Debt
Question: Am I responsible for my deceased wife’s credit card bills? The cards were only in her name but the credit card companies keep calling me for payment. Do I have to pay the bills in her name?
This issue sometimes arises after the death of a spouse, when the surviving spouse starts going through the mail and discovers for the first time that their deceased spouse had credit cards or other debts they did not know about. Many times the amounts owed on these bills have high balances which the surviving spouse simply cannot afford to pay. The surviving spouse quickly becomes concerned whether or not he or she is liable for the debt the deceased spouse left behind...
Estate Real Estate
Question: I need to sell real estate that has been in my family for generations. The title company says I need to open succession for my parents in order to be able to sell it. What does this mean and how long will it take?
We get this question often. The typical situation that is presented is that the client has a home or real estate that has been in the family and has simply been passed down. Their grandparents may have originally bought the property, and after they passed away the client’s parents began using the house. The client is now taking care of the property because their parents have now passed away...