A will is an important part of an estate plan. Knowing who your assets will go to after you pass away gives you and your family members peace of mind and often saves time and reduces conflict. However, life is unpredictable, and you may decide that you want to make...
Gretna Lousiana Probate Law Blog
Four signs that a trustee is breaching the fiduciary duty
When someone leaves assets behind through their estate plan, they trusted that those assets would be properly managed and distributed in accordance with their wishes. In many instances, estate executors and trustees handle their duties without issue. In some cases,...
Inventory of estate assets
Many adults name someone in their will to manage their estate after they pass away. If a person dies without a will or the will is declared invalid, the court will typically appoint someone to manage the decedent’s estate. This person, often referred to as the...
When should people review and update their estate plans?
Most of us in Louisiana hope to pass away only after living a long, full life, but there are no guarantees of that. Due to the uncertainty, it is important that people have an estate plan in place even if they do not think they will need it for a long time. However,...
What should I know about a small succession in Louisiana?
When a person dies in Louisiana and their property is set to be passed on to loved ones and others they may have named in their estate plan, the estate must go through succession. This is a term that Louisiana uses and is generally referred to as probate in other...
What will happen to your loved one’s debt when they pass away?
While many people want to leave a legacy to their loved ones after they are gone, in many cases they also leave behind unpaid debts. What happens to those financial obligations after they pass away? What happens to debt during the succession process? Around three out...
Are you prepared for estate accounting?
Overseeing succession as an estate administrator can be an honorable, albeit stressful responsibility. After all, you’re tasked with ensuring that a deceased individual’s assets are properly distributed and that his or her wishes for the estate and his or her loved...
Now is the time to talk about end-of-life estate matters
Estate planning is a hard subject to talk about with loved ones because it involves making plans for a time when someone in the family will no longer be alive. Estate planning can involve the development and execution of legal documents that dictate how and to whom...
Small succession by affidavit may be an alternative to probate
When a loved one dies in Louisiana their estate generally goes through probate, referred to as succession in Louisiana. Probate can be a time-consuming process. You may wonder if you have any other options, especially if your loved one’s estate was small and your...
What is required to make a valid will in Louisiana?
Wills are important testamentary documents that can ease the process of succession when a Louisiana resident dies. In Louisiana, two types of wills are recognized: olographic and notarial. This post will discuss each and the requirements mandated for their successful...