Unlike other types of legal matters, there is no statute of limitations or legal deadline for opening a Louisiana succession case. You may open a succession any time after your loved one dies. However, there are benefits to opening a succession sooner rather than later.
What Happens If You Wait to File a Succession
While you can file a succession any time after your loved one dies, successions may become more challenging, time-consuming, and expensive if you wait a long time. Some of the problems that could arise include:
- Asset depreciation. Over time, money may be spent and property may not be properly maintained. These problems could lead to less of an inheritance for succession heirs.
- Trouble finding assets. The location of personal assets, including bank accounts and life insurance policies, may be forgotten or difficult to find if too much time passes between the time of death and opening a succession.
- Difficulty identifying or locating heirs. Heirs may move or die if you wait too long to open a succession. While a succession may still be settled, it can become more difficult.
Filing a Succession Doesn’t Have to Be Overwhelming
You have a lot to think about after the death of a loved one. Emotionally, you may struggle with the work of filing a succession and the distribution of your loved one’s assets. There is no right time to begin the succession process. Everyone grieves differently and is ready to tackle succession at different times.
Our Louisiana succession lawyers want you to know that you’re not alone. Whenever you decide to begin a succession, we are here to answer your questions and help you through the process. Please call us or complete our online form to have us contact you today, so we can help you settle your loved one’s estate as easily and cost-effectively as possible.