Succession, also known as probate, is the legal process by which a person’s assets are transferred to their heirs and their final or outstanding bills are paid. A court oversees this process to make sure the person’s rightful heirs and beneficiaries will inherit the designated assets.

Succession is a three-step process. First, a petition to open succession is filed with the court, along with a decedent’s will, their death certificate, and any affidavits. At this time, the estate executor may also begin managing and wrapping up the decedent’s estate. Second, all of the decedent’s assets are identified, described, and valued. (This is often the most time-consuming step in the succession process.) Third, a petition to close succession is filed with the court. When the judge signs the judgment of succession, the document transfers asset titles to the heirs and closes the process of succession.

Succession process is not just about the legal paperwork. It is also understanding the process and trusting that you have an experienced team in place that understands your goals and is looking out for your best interests. At Wealth Planning Law Group, we help families navigate the succession process as efficiently and compassionately as possible. Our attorneys understand what you are going through and can manage every detail, no matter how complex your particular succession may be. Contact us for an initial consultation so you and your family to focus on what is most important: (504) 212-3440 or info@lawealthplan.com.