When a loved one dies, their estate must be collected, debts and taxes must be paid, and the estate must be distributed according to the decedent's will or state law. During a succession, all assets must be transferred to the deceased's heirs. According to Louisiana law, when a person dies, their assets are immediately moved to the beneficiaries; however, proof must be provided to the court that states the beneficiaries are the legal owners of the estate's assets.
If you are looking to speak with a lawyer regarding probate, estate planning or successions, contact a trusted New Orleans succession lawyer from Rotharmel Shanks, LLC.
A simple succession is when all succession documents are filed at one time, allowing the succession process to open and close in the same day. Not all successions are complex or costly. The New Orleans probate lawyer at Rotharmel Shanks, LLC can complete the estate and put heirs into possession of their inheritance at minimal cost. To qualify as a simple succession, the estate must be relatively debt free and all heirs must accept the estate.
Need more information on successions? Contact a New Orleans succession attorney for a consultation at (504) 777-3920.