Succession, also known as probate, is the legal process by which an individual’s assets are transferred to their heirs and their final or outstanding bills are paid. This process is overseen by a court, to ensure that the individual’s rightful heirs and beneficiaries will inherit the designated assets.

Having an estate plan in place is important because it provides the opportunity to memorialize your final wishes and make provisions for your friends and loved ones upon your death. In a Will, for example, a person can provide specific instructions for the distribution of his or her assets. This document can also be used to designate a guardian for any minor children. Another reason to have your own plan is to ensure that you control who makes financial and healthcare decisions on your behalf in the event you are incapacitated.

No matter how detailed your estate plan, however, there is almost always an additional complexity that arises. That is why it is a good idea to have a legal team in place that not only understands the succession process but is also looking out for your best interests. Wealth Planning Law Group provides essential estate planning services such as wills, powers of attorney, and health care directives. Our New Orleans probate lawyers can also help families navigate succession as efficiently and compassionately as possible. We 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.