Succession Lawyer New Orleans, LA
For those seeking legal advice, a New Orleans, LA succession lawyer is an invaluable asset. A succession lawyer is a legal professional who specializes in estate planning, probate, and other matters of succession law. Explore the role of a succession lawyer and how they can help you navigate the legal complexities of estate planning, and then contact a lawyer at Theus Law Offices for help.
What Is Succession Law?
Succession law is a branch of law that deals with the rights and responsibilities of people in relation to the inheritance of property, money, and other assets when someone dies. This includes all aspects of the transfer of the deceased’s assets and debts from their estate to their heirs or beneficiaries. Succession law also covers the distribution of estates between family members and other potential heirs, as well as any tax issues involved in the process. It can also refer to laws governing the ownership and transfer of assets upon the death of an individual or business partner. In Louisiana, succession law is a specific body of laws based on civil law rather than common law, which governs the state’s legal system.
What Do Succession Lawyers Do?
Succession lawyers are attorneys who specialize in the laws of succession. A New Orleans succession lawyer is knowledgeable in all the legal aspects of succession and can help individuals or families with any legal issues that arise in estate planning, probate, and other related matters. They handle a variety of legal tasks including preparing wills, helping administer estates after someone passes away, filing court paperwork for probate, and helping heirs divide up an estate. They also help clients understand their rights and obligations when it comes to inheritance, as well as taxes and other financial considerations associated with an estate. They may also represent clients in disputes over the division of assets or other matters related to an estate. Additionally, succession lawyers often provide advice on how to protect an estate from creditors, how to plan for retirement, and how to make sure an estate is passed on as intended. They may also help clients review insurance policies and make sure they are up to date. Finally, succession lawyers often assist their clients with distributing assets, setting up trusts, and establishing charitable organizations.
What Are Some Common Succession Issues?
One of the most common succession issues is the distribution of assets to heirs. This includes making sure all assets are accounted for, determining how they will be divided, and who is entitled to receive them. Succession lawyers also work to ensure that all taxes, debts, and other financial obligations are paid before assets are distributed. Another common issue is establishing who will manage the estate. This may include deciding who will serve as executor or trustee of the estate, as well as who will be responsible for overseeing asset management and distribution. In some cases, it may be necessary to obtain court orders to appoint an executor or trustee. They also assist in resolving disputes between heirs or other parties involved in the estate, including creditors. They must make sure any conflicts are resolved in accordance with applicable laws and that all parties involved receive the rights and benefits they are entitled to. Additionally, succession lawyers often help families create and draft wills and trusts. They must make sure these documents are legally valid and comply with applicable laws.
Contact a New Orleans succession lawyer at Theus Law Offices for help today!