Over the years, it is natural for families to spread out, sometimes across multiple States. However, if your loved ones recently left an estate in Louisiana, you may have to deal with the local laws here in addition to or in place of the laws of the jurisdiction in which you live.
Laws in Louisiana could be similar to your state. However, it is likely that there are at least some differences some of which could make a significant difference in the distribution of the estate. Please read on for a brief description of some key points someone out-of-state my face when dealing with a Louisiana will.
One of the first points you should know is that, in Louisiana, “succession” is the legal term for the legal handling of matters after someone passes away. This is opposed to some other states in which the same or similar process is called probate.
The second thing you should know is that most States in Louisiana would probably not require an inheritance tax. as explained by the Louisiana Department of Revenue, the exception would be for deaths that occurred before July 1st, 2004.
Finally, you may realize that dealing with succession may take some time. However, the time it takes to complete your procedure would depend on your ability to comply with deadlines and the complexity of your case. You could finish in a matter of months, in some cases.
This article is not intended to answer your questions about Louisiana succession, but rather to provide some information on the subject. Please do not use it as legal advice.