When a loved one passes away with an estate under $125,000 in gross value, the estate is eligible for a small succession under Louisiana law – with the goal of saving time and money. In such cases, a Baton Rouge Small Estate Succession Lawyer can guide you through this simplified process efficiently.
If the decedent died intestate – meaning without a Last Will and Testament – and their estate was relatively debt free, the heirs may opt to sign an Affidavit for Small Succession. This avoids having to get any court orders to complete the succession.
This process requires a full inventory of the estate before recording the affidavit, but otherwise is efficient and cost-effective as it only requires two heirs, including the surviving spouse, to sign before recording. However, notices must be sent to other parties and this does not mean the two signers get all the property.
When an administration is necessary for an intestate succession – such as when there are unsettled debts and obligations of the decedent, an intestate succession can be opened judicially in court. The distinction here is the lowering of court costs and the lessening of certain requirements to sell property to settle debts.
The same rules and advice apply for small testate successions that apply to larger testate successions – when there is a Last Will and Testament. The distinction here is the lowering of court costs, and when not independently administered, the lessening of certain requirements to sell property to settle debts.
Field Law is based in Baton Rouge, but we serve clients throughout Louisiana. We are also pleased to work with clients outside the state on matters related to Louisiana estate law and successions. To arrange a free consultation, call us at 225-341-5270, or get started.
Painless Succession
“After my father died, we wanted to work with a lawyer who wouldn’t cost an arm and a leg. We chose Morgan because he quoted us a flat price after our consultation and we were thrilled with the price compared to what some others were charging. Working with Morgan was so easy and he explained every stePosted by anonymous on Avvo
– “We began our journey to complete a succession for my dad that was beyond the due date. Since my dad passed in 1998, it was difficult to gather the necessary information. Morgan Field patiently guided us through the process. The succession was completed last year and all heirs were satisfied.
The agreements and hourly costs were fair and within the budget.
We are so grateful for the ease of communication, the carefully written documents, the opportunity for complete the legal obligations without multiple trips to Baton Rouge and the ongoing assistance after all documents were approved and entered into judgment with minor issues that cropped up in the year following the judgment.
We highly recommend Morgan Field.” – Pat Sharp (Google Review)
“I live out of state and stopped into Field Law while visiting family, I stopped into Field Law to inquire about a succession. It took time to research, plus there were hurricanes and covid to work around. Once finished I have received a thorough packet of information that was needed. The firm was responsive, friendly employees, and were quick to respond by email or phone. I am glad I found this firm.” – Pam Carr (Google Review)