Legal Question in Wills and Trusts in Louisiana
Is Succession Necessary?
Father has recently passed away. Mother still alive. 2 adult children in another state. Assets include several CD's w/Father, Mother and both children listed as owners of CD's. No real estate involved. 1 car in Father's name. No debt. There is a will. 1 life insurance policy.
Is there a need to open a Succession? Is there anything we have to do legally due to his death?
Asked on 2/07/04, 11:12 am
1 Answer from Attorneys
Steve LeBlanc
Steve LeBlanc, Ltd., (APLC)
Re: Is Succession Necessary?
It depends, basically on the value of the life insurance policy. Motor vehicles has a way to transfer vehicles without a succession. You need to consult an attorney with all the details.
Answered on 2/07/04, 6:24 pm