Successions & Estates

Ensure a smooth and cost-effective transition of your assets to the next generation.

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Successions

Swiftly Pass Assets to Family with Simple Successions

In most cases, assets of a deceased individual can be passed to their family through a very simple succession process. In Louisiana, Successions by Independent Administration and Successions without Administration can pass assets to your family quickly, without a protracted estate process. Our experienced team will guide you through the process, giving you peace of mind for the future.

Successions

Complex Successions: Safeguarding Your Assets and Family

If your loved one dies without a plan or with an unusual situation that requires more attention, you need an attorney with experience in how to handle those special situations.  You may have a complex family dynamic of people who do not get along. You may have estate tax issues or a family business that needs to be managed as part of the estate. We specialize in complicated cases and understand how to navigate the most difficult situations.  Our experienced team at Bondurant Law will guide you through the process with expertise and care.

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Expert Successions Litigation Services

Trust our experienced attorneys to handle your successions litigation needs with care and expertise.

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Frequently Asked Questions

Find answers to common questions about succession planning and how it can benefit you.

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Commercial Real Estate
Business Advice
Estate Planning
Special Needs Planning
Litigation
Can I schedule a consultation?

Absolutely! We offer consultations to discuss your legal needs and provide tailored legal advice. Contact our office to schedule an appointment with one of our experienced attorneys.

Successions
What should I bring to my first meeting for a succession?

We recommend bringing a copy of any existing Will for the deceased, a copy of the death certificate, names and contact details for all heirs, and a summary of any known assets, if available. At your first appointment, our team will provide specific guidance on what else to gather and what the next steps of the process will be.

Successions
Is it true that successions are very expensive and take a really long time?

In Louisiana, successions can be inexpensive and can be completed quickly in many cases. Our laws provide the opportunity for efficient estate management that will keep your legal fees lower than they would be if your loved one died in another state. Furthermore, the process can be completed in some cases in a single set of paperwork. Contact us for advice regarding your next steps in the succession process.

Successions
Do life insurance and IRA accounts pass through a succession?

In most cases, life insurance and IRA accounts do not pass through a succession of a deceased individual. Rather, they pass by a separate beneficiary designation. Contact us for an appointment to discuss which assets go through a succession and which can be handled outside of a succession.

Successions
My family member just died, and we have no access to their accounts. Can you help?

At Bondurant Law, we can help clients who have lost access to account funds by opening a succession. If you do not know what to do after the death of your loved one, schedule an appointment with our team.

Successions
What if my family does not get along, and I expect that the succession will be disputed?

If your family is arguing over your loved one's estate or you expect trouble ahead, contact our office to help you. Our firm has extensive experience in disputed successions, including handling trials on will contests, estate theft, and estate valuation disputes, and we can help you to navigate these difficult waters. Our goal is to find a peaceful resolution for families in their most difficult times, but we are also fully prepared to protect our clients' interests in litigated disputes.

What is succession planning?

Succession planning is the process of identifying and developing new leaders within a company to ensure a smooth transition of power. It involves creating a plan for transferring ownership and control of the business to the next generation or chosen successor.

Why is succession planning important?

Succession planning is important for several reasons. It helps to ensure the long-term viability of a business by preparing for leadership changes. It also allows for a smooth transition of power, minimizing disruption and maintaining continuity. Additionally, succession planning can help to retain key talent and motivate employees by providing opportunities for growth and advancement.

How do I create a succession plan?

Creating a succession plan involves several steps. First, you need to identify potential successors within your organization. Next, you should assess their skills, experience, and readiness for leadership. Then, you can develop a plan for their development and growth, including training and mentoring. Finally, you should regularly review and update your succession plan to ensure its effectiveness.

When should I start succession planning?

It is never too early to start succession planning. Ideally, you should begin the process well in advance of any anticipated leadership changes or retirements. By starting early, you can ensure a smooth transition and have time to identify and develop potential successors. However, even if you haven't started planning yet, it's never too late to begin.

Do I need professional help for succession planning?

While it is possible to create a succession plan on your own, seeking professional help can be beneficial. An experienced attorney or business advisor can provide valuable guidance and expertise, ensuring that your plan is comprehensive and legally sound. They can also help you navigate any complex legal or tax issues that may arise during the succession planning process.

Still have questions?

Check out all of our FAQs or contact us today for a consultation.

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