Legal Question in Wills and Trusts in Louisiana
Succession
My parents are both deceased and left behind 5 children and no
wills We need to open a succession for them. Do all 5 children
have to sign succession paperwork? After the succession is filed
and we come into possesion of the property (house & real esate)
do all 5 children have to sign in order to sell both the house &
property.
1 Answer from Attorneys
Re: Succession
If all of the children are in agreement, what happens is this: the Successions are opened as a single proceeding. One of the children agrees to serve as Administrator.
The Administrator sells the property. From the proceeds, and liabilities are paid (funeral expenses, for example) and the remaining funds are distributed to the children.
It doesn't always work this way, of course. If any of the children don't agree on how to proceed, it can turn into a lengthy and expensive legal battle.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
