Lost a loved one? Nothing can be more difficult. But don’t let a difficult situation become a nightmare. Bills must be paid, property must be transferred, debts must be settled. It’s an enormous and tedious task to settle your loved one’s estate. Don’t worry, that is what we do: make it easy.
For qualifying Successions, we never ask for any money out of your pocket.
In Louisiana, we call the probate process a Succession. This is the legal mechanism for transferring someone’s property to others after he or she passes away. This process can be done in a single day or over the course of a few weeks. Often, the goals of the Succession are what determine the length of the process.
Field Law works with you to identify and gather assets of the decedent, pay bills and then transfer property to all of the legal heirs. If the decedent had a valid Last Will & Testament, we will need to present it to the proper Court along with an inventory of the decedent’s assets and debts. If the decedent did not have a Last Will & Testament, Louisiana law will determine who will inherit after the Succession process.
When to do a Succession
As soon as a loved one passes away, it is important to begin gathering important documents and information, including:
- The Last Will & Testament
- Banking and Financial Account Statements
- Bills and Invoices
- Mortgage Documents
- Vehicle and Boat Titles
- Other Property and Financial Information
You should also contact a qualified Louisiana Succession attorney within two weeks, so that you can begin to prepare for the Succession process. Field Law makes this part easy. You don’t need to bring anything that you don’t have or can’t locate. We need to make sure legal rights are protected and we will help you with the rest.
It is very important that you do not start removing property or emptying bank accounts since those funds are what is typically used to pay the costs of the Succession. That way you won’t have to come out of pocket.
Affordable Fixed Pricing
Field Law charges an affordable fixed price for each Succession. We recommend you talk to three lawyers before hiring someone to handle a Succession. Field Law should be one of them. Here’s why:
- We start with a convenient no-obligation Free Attorney Consultation, either in person or on the phone.
- For qualifying Successions, we never ask for any money out of your pocket. We get paid when you do.
- After your initial consult, Field Law gives you a no-obligation quote which includes all of our fees for the Succession.
- If you need cash now, we can get you up to $10,000 within a few days.
- You’ll never owe more for asking important questions.
- We will never charge you based on the value of the estate’s property.
- We work with you to get it right the first time. If we make a mistake, we will fix it for free. We stand behind our work.
- With Simple Possession, we can even open and close the entire Succession in the same day.
The executor is the person who is placed in charge of managing and distributing assets of the estate. They can also be called an administrator. Most Wills nominate someone to be the executor and unless a Court is given a reason not to confirm that person, he or she is usually placed into control of the estate daily quickly. The executor must be confirmed by Court Order and cannot act beforehand for the estate. Once confirmed, the executor has control over the assets of the estate. An executor can serve independently, which means with limited Court supervision if so designated in the Will or agreed to by the legatees or heirs of the estate.
Possession is when the legatees or heirs of an estate are placed into ownership of the property of the decedent. People sometimes believe they are automatically placed into possession of property if they are a legal legatee or heir, but when they go to sell or occupy the property, they realize they must first have a Succession. A Succession is necessary to place people in possession.
Simple Possession vs. Administration
Simple Possession is when the legatees or heirs are immediately placed into possession of the estate without an administration. This can be accomplished in a single filing that takes just days to prepare. Administration is when the executor must manage assets of the estate, such as wrapping up contracts, paying debts, selling property, and managing businesses. This usually can take a few weeks to handle, but generally can be easier on the legatees who prefer not to share property with others or deal with divine up property at a later date.
If both spouses have passed away and no Successions have been opened, Field Law is able to complete both at the same time. Generally, both Succession must be using the same procedure and must both be testate or intestate. Filing a Joint Succession can save you some time and money.
When you pass away with minor children, the law requires that someone be appointed Tutor for the children (called guardian elsewhere). This should be done quickly after a parent passes away and is required if someone needs to sign legal documents (such as Succession paperwork) on behalf of a minor heir or legatee. The process is called Tutorship Confirmation and Field Law is here to help you every step of the way.
Did your loved one pass away in another state but own property in Louisiana? Field Law has helped families from all across the nation transfer property owned in Louisiana, usually in a matter of just a week or two.
Examples of Previous Cases
Stacey’s husband Chris passed away leaving half of his estate to Stacey and half to his children. They owned a house and two cars, plus a few banking and retirement accounts. Stacey wanted to stay in the family home, but did not want a drawn out succession process.
- We made sure Stacey got the house, while Chris’ children received other property to make sure everyone was treated fairly. We were even able to open and close the succession in a single day.
- Our fee: $2,500.00 with $0 down. We got paid when Stacey got paid.
John’s wife Susan recently passed away. Susan had a Will, but it was more than 10 years old. Susan left everything to John, but in a usufruct, so her three children would inherit from her when John passed. She and John owned a house and two cars, plus banking and retirement accounts. Susan also had some land that was left to her by her mother. We had to administer the estate to pay off Susan’s final expenses and debts before we could place John into possession.
- The three children agreed to independent administration, which saved John money and time. Once all of Susan’s bills were paid and her property inventoried, we had a Judgment of Possession in John’s hands within a few weeks.
- Our Fee: $4,000.00 with $0 down. We got paid when John got paid.
David recently lost his mother Victoria. His father, Vincent, passed away a few years back but no succession had been done. Both Vincent and Victoria had Wills that left everything to each other, then to their three children. Plus they left special bequests to each grandchild. But David needed money to pay for his Mom’s funeral quickly.
- We were able to get David $5,000 within a few days to pay the funeral expenses before we got started on the succession. Then we were able to place David and his two sisters in possession of their parent’s property and fulfill the bequests to the grandchildren within a few weeks. David really appreciated our help to pay for the funeral quickly so he and his sisters didn’t have to worry about putting together the money.
- Our Fee: $5,000 for both successions with $0 down and a $5,000 advance for David within a week. We got paid when David got paid.