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What to Do When There Is a Missing Heir in Louisiana Probate Handling a loved one’s estate after their passing is already a complex process, but what happens when an heir is missing? In Louisiana, all heirs must be identified before an estate can be properly distributed. If an heir cannot be located, it can delay the succession process. However, there are legal steps and options available to resolve the situation. Step 1: Confirm That the Heir Is Actually Missing Before taking legal action, it’s important to make a diligent effort to locate the missing heir. This includes: Checking known add ..read more

Understanding the Succession Process in Louisiana   When a loved one passes away in Louisiana, managing their estate can be a complex and emotional task. If the deceased's assets exceed $125,000, the estate is considered a "general property estate," and its settlement involves a legal process known as "general property succession." This procedure ensures that the deceased's assets are correctly distributed to their heirs or beneficiaries. Below, we outline the steps involved in opening and navigating a succession in Louisiana.   Step 1: Gather Essential Documents The first step in th ..read more

Dealing with loss is hard enough ..read more

When the Unexpected Becomes Reality Recently, tragedy struck on Interstate 55 near New Orleans. Due to dense fog and limited visibility, at least 168 cars were involved in a massive pile up that left 63 people injured and 8 people dead. Families have been notified, and many, if not most, will have to handle not only overwhelming grief but also the question of “what do we do now?” This devastating accident serves as a stark reminder of the unexpected dangers we may face on the road and the importance of being prepared for the unexpected, not only in terms of road safety but also when it comes t ..read more

Cryptocurrency: Revolutionizing Generational Wealth Cryptocurrency's advent has brought forth a seismic shift in the financial landscape, revolutionizing the essence of generational wealth. Traditional assets like cash, investments, and property have been joined by digital currencies, offering new paths for building, securing, and transferring wealth to future generations. This new world of financial possibilities extends its arms to younger generations and underserved communities, providing them with decentralized control over their assets, diverse investment opportunities, and potential for ..read more

Dealing with the probate process can be a daunting task, especially during emotionally challenging times. In Louisiana, understanding the key steps involved in probate administration is essential for individuals who have lost a loved one and are navigating the distribution of their estate. This article aims to shed light on the probate process in Louisiana, guiding readers through the key steps involved in handling a loved one’s estate after death.   Step 1: Determining the Best Procedure to Handle the Estate Successions come in many different shapes and forms. There are many different v ..read more

Every state has its own procedures for dealing with an estate after death. However, Louisiana’s civil code is as unique as its culture and history. For many Bayou State residents, dealing with succession can be frustrating and overwhelming. That’s why it’s beneficial to hire a Louisiana succession attorney who can help the estate executor or beneficiaries to settle the estate.  How Succession Lawyers Ease the Pain of Probate Under LA law, you don’t have to have a lawyer to execute an estate or administer a trust. However, succession proceedings can present unexpected challenges. An attorn ..read more

Louisiana has a unique legal system with special procedures governing the dissolution of estates and the disbursement of inheritances. Compared to most other states, a Louisiana succession is likely to be a long, drawn-out, and time-consuming affair, with proceedings likely to last at least several months. While the Bayou State offers simplified probate for some estates, any case involving a home or other high-value real estate has the potential for complication.  Estimating Your Estate Succession Timeline Succession, or probate, is the formal process of dissolving a deceased person’s est ..read more

Last Will and Testament vs. a Trust: What's the Difference, and Which One Is Right For You? Estate planning is an important part of ensuring that your assets and possessions are distributed according to your wishes after you pass away, and one of the common strategies used is a last will and testament or a trust. While both serve similar purposes, they do have distinct differences which you should be aware of before making a decision. Can Your Heirs Play Nicely Together or Do You Need More Control? Let’s use an analogy to explain the difference between a last will and testament versus a trust ..read more