Many of the difficult probate and succession issues you will hear about stem from blended families. A blended family is a family consisting of a couple and their children from this and/or previous relationships. Blended families often have situations that are not anticipated by our intestate laws.
Without a Last Will and Testament or Probate Avoidance Trust, Louisiana intestate laws control who gets what and what rights belong to your spouse and children. These laws are clunky and sometimes difficult to enforce, which often leads to succession litigation and expensive settlements.
The good news is that with a Last Will and Testament or Probate Avoidance Trust drafted by your Field Law estate planning attorney, you can avoid these common issues and plan for an efficient asset transfer process.
Conflicts often rise between stepparents and stepchildren – often not out of malice – but out of competing interests to protect the rights of one and respect the rights of the other. This can happen during your incapacitation or after your passing.
During incapacitation, a stepparent may wish to move to consolidate their control over your estate but in doing so may trample over the concerns of your children, prompting them to file to interdict you through the court system.
With clear mandates (called powers of attorney in other states) in place, you can ensure not only that your spouse and children know who you want to make decisions for you, but actions are taken more openly and all your loved ones are protected by the fiduciary laws which require transparency and good faith.
After death, stepparents have limited rights under our intestate laws, but with a Will or Trust, you can fix that. Generally, one of our goals of estate planning is to prevent disruption for the surviving spouse. But without a Will or Trust, a stepparent can be evicted or be forced to provide a commercial surety bond.
With a Will or Trust, you get to make the rules. For example, we can allow your spouse to inherit from you in full or allow your spouse to have full control over all your property but have to turn it over to your children when he or she passes away.
You have to rights to leave certain property to your spouse and certain to your children. You can leave only the earnings of your investment portfolio to your spouse but preserve the principal balance for your children.
But most importantly, with a Last Will and Testament or Probate Avoidance Trust, you can avoid many of the common sources for succession litigation and personal disputes between your loved ones.
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. 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)