Bernard F. Duhon has represented both executors and heirs in the succession process. The process involves submitting a will to the court, paying bills, and distributing assets to heirs. Bernard represents clients in succession litigation and monitors successions handled by other attorneys.
After the information is collected and given to attorney he typically prepares a detailed list of all the assets and debts with values. The list is signed by the heirs. If there are no problems a petition is presented to the judge asking that the property and assets be taken out of the deceased’s name and placed into the heirs’ name.
This is usually uncontested. The attorney’s work can sometimes be done within a few
weeks of receiving all the necessary documents from the family.
If there are absent heirs, dispute among the heirs or business to conduct, then the succession needs to be administered. This takes longer and costs increase. I avoid administering successions for my clients unless there is a special need.
Trusts are not for everyone. You should carefully consult with your family lawyer before you make any decisions.
If the estate is less than 125,000.00 the succession may be done by affidavit. the cost are considerably less and the process quicker.
THIS INFORMATION IS GENERALIZED. YOU SHOULD CONSULT WITH AN ATTORNEY REGARDING YOUR SPECIFIC SITUATION.