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Video Guide on Louisiana Estate Planning management

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Commonly Asked Questions about Louisiana Estate Planning

In some cases, the process is simple, but in other cases, it can get very complicated very quickly. In all but the simplest situations, you should work with a succession attorney to ensure that the process is as efficient as possible and that, as an heir, your rights are protected.
Generally, a decedents estate goes through succession or probate in Louisiana if the estate is worth $125,000 or more, regardless of whether the decedent died with a will (testate) or without a will (intestate).
If you own real estate located in another state, a revocable trust can help avoid an ancillary probate proceeding in that state. Likewise if you own real estate in Louisiana and move to another state, placing the Louisiana real estate in a revocable trust can avoid going through probate in Louisiana.
Common Probate Fees in Louisiana Many probates will cost a minimum of $5,000. There are some probate fees that most estates will need to pay. These can include some or all of the following: Various filing fees and court costs.
How Does Probate Administration Work in Louisiana? Petition for Possession. Affidavits of Death, Jurisdiction and Heirship. Sworn Detailed List of Assets and Debts. Renunciation of Inheritance or Legacy (if applicable) Judgment of Possession.
Succession costs for smaller estates with cooperative heirs will typically range from $1,500.00 to $3,000.00. Succession costs for larger estates that require administration will typically range from $5,000.00 up to $15,000.00 depending on what needs to be done.
There is a specific order that the decedents family will inherit. The family members inherit starting with brothers and sisters, then parents, then aunts and uncles, and then cousins. The first group of people that are present inherits all of the decedents property.