Walker Successions Lawyer

Walker Successions Attorney

Facing the death of a loved one is difficult enough without having to navigate the stressful process of successions. If you’re dealing with a loved one’s estate or preparing your own succession plan, you need a Walker successions lawyer.

At Goode Tax and Estate Planning Law Group, LLC, we offer experienced representation for every aspect of the successions process. Whether you’re the executor, administrator, or a beneficiary of an estate, our team is here to guide you through this difficult time with both compassion and care.

What Is Succession, and Why Is It Important?

Succession, also known as probate in other states, refers to the legal process of administering the estate of a deceased person. Whether the deceased passed away with or without a will, the succession process makes sure their assets are distributed according to the law.

If, like 46% of Americans, the deceased had a will, the estate is considered testate. This means their instructions for distributing any assets are outlined in the document. The will must first be validated in court, which then allows the succession process to begin.

If there’s no will, trust, or estate plan, the estate is considered intestate, which means Louisiana’s laws of intestate succession then determine how the deceased’s assets are distributed among the heirs. It’s interesting to note that only 24% of Americans have an estate plan in place, with only 13% of those having a trust.

In both cases, the succession process involves identifying the rightful heirs or beneficiaries, paying any debts that are owed, and distributing property. It also requires the establishment of the legal representative (the executor or administrator) to oversee the process, ensuring everything is carried out according to the law.

Whether testate or intestate, properly navigating the succession process is important to ensure the estate is settled efficiently and according to legal guidelines.

How a Walker Successions Lawyer Can Help With Your Succession Case

Handling a succession involves a series of detailed steps, and navigating the legal requirements can be complicated without the right guidance. At Goode Tax and Estate Planning Law Group, LLC, we provide dedicated assistance to clients throughout every stage of the succession process.

We do this by:

1. Opening the succession. The first step is to file a petition with the appropriate court to open the succession. Our firm can help prepare and file all necessary documents.
2. Identifying heirs and beneficiaries. We can help you identify the legal heirs or beneficiaries and make sure they’re correctly listed in court documents.
3. Asset identification and valuation. We work with professionals to make sure all real estate, bank accounts, and personal property are identified and accurately valued.
4. Debt settlement. We can help you identify what debts are owed and file the necessary documents with the court to finalize debt settlements.
5. Distribution of assets. After all debts are settled, the remaining assets are distributed to the heirs and beneficiaries. Our firm can guide you through this process to minimize the risk of disputes.
6. Legal challenges and disputes. In some cases, family members or other interested parties might dispute the validity of a will or the distribution of assets. If a dispute develops, we offer legal counsel and representation to efficiently resolve the matter.

The succession process can be overwhelming, but with an experienced estate planning attorney by your side, you can rest assured knowing all aspects of the estate are handled with care, compassion, and efficiency.

Why Choose Goode Tax and Estate Planning Law Group, LLC?

Goode Tax and Estate Planning Law Group, LLC, prides itself on boasting the unique credential of being board-certified in estate planning, estate administration, and tax law by the Louisiana State Bar Association. That makes us one of only a handful of firms in the state with such a distinction.

However, our hearts lie in Livingston Parish. With deep roots in the community, our attorneys are intimately familiar with the inner workings of the 21st Judicial District Court on Aydell Lane. We understand the likes and dislikes of local judges and aim to make your succession tailored around their preferences.

Because we have a deep understanding of the local court systems, we can guide you through each step of the process with confidence, whether you’re dealing with a simple or complicated estate.

FAQs

Can a Succession Be Contested If the Deceased Had a Will?

Yes, even if the deceased had a will, it’s still possible for the will to be contested. Common grounds for contesting a will include accusations of undue influence, fraud, or that the deceased wasn’t of sound mind when they drafted it. If you’re involved in a dispute like this, it’s important to consult an attorney who has experience handling contested successions.

What Happens if a Succession Isn’t Opened Within a Reasonable Time?

If a succession isn’t opened in a timely manner, creditors could take legal action to collect any debts owed, and heirs could risk losing their rights to the estate. In addition, any property left without an administrator could be mismanaged. It’s important to open the succession as soon as possible.

Can I Avoid the Succession Process Entirely by Gifting All My Assets Before I Die?

Even though gifting assets before death can help limit the need for a succession process, it’s important to note that there are legal limits on how much can be gifted without incurring taxes or triggering other complications. Additionally, Louisiana requires certain assets, like real estate or business interests, to be transferred through legal procedures.

How Long Does the Succession Process Take in Louisiana?

The length of the succession process can vary depending on the complexity of the estate. A simple, uncontested succession could take a short time to resolve, while more complicated cases involving disputes or significant assets could take much longer. Our team can provide a more accurate estimate based on your specific situation.

Contact Us Today for Help with Your Succession

At Goode Tax and Estate Planning Law Group LLC, we understand the complexity of successions, and we’re committed to guiding you through the entire process with care. Contact us today to schedule a consultation.