Succession Executors and Administrators Explained: Administration of an estate is sometimes required when there are issues that need attention before the heirs or legatees can be put in possession of estate assets. Some of the issues that may necessitate an administration include providing for debts or claims, liquidating investments, selling real estate, or providing an allowance for a surviving spouse. If there is no need an administration, then the heirs or legatees can be put into possession of the estate assets without administration, which saves time and costs. When an administration is necessary, the estate will need a succession representative
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Five-Star Review! “Maro Petkovich and his team were true professionals in the handling of my dear brother’s estate. Outstanding service, discretion, professionalism and communication. Everything you would want in a firm.“ Louisiana Succession Attorneys: We are a Gretna law firm that has served the New Orleans area since 1980. Our succession lawyers are highly experienced at handling all types of probate and successions including administrations, simple possessions, and small successions. We take pride in offering a personal and trusted experience. Call us today for a free consultation and find out why so many of our clients come back to us. Call
Five-Star Review! “The patience, attention and level of communication I received while working with Brady and Rebecca was extremely satisfying. They made the process of divorce so simple and they made sure to explain everything thoroughly to ensure I knew all possible outcomes. Highly recommend!“ Louisiana Family Law Attorneys: We are a Gretna law firm that has served the New Orleans area since 1980. Our family law attorneys are highly experienced at handling divorces, custody, child support, alimony, property divisions, pre-nups, paternity, adoptions, protective orders, tutorship, interdictions, and more. We take pride in offering a personal and trusted experience. Call us today for a free consultation and find out why so many of
Louisiana Simple Successions Explained: A succession is the process of transferring property from a deceased person to their heirs (intestate) or legatees (testate). Other states refer to this as “probate” and in Louisiana the terms are often used interchangeably. Successions can be simple, or they can be very complex, depending on the circumstances of the estate and the level of cooperation among the heirs or legatees. There are two types of judicial successions: successions under administration and simple successions. Simple successions are also commonly referred to as “simple possession” or “putting in possession.” The selection of which type of succession
Five-Star Review! “First of all, I would love to say I knew nothing about this Law Firm. All I knew was, what kind of firm I was seeking. So I decided to do some research. I had found Mr. Bowes, Petkovich & Palmer on Google Search. I must say, I was very pleased to see that they had over 40(+) years of experience and that was more than enough for me. I must say from start to finish, my family and I were very pleased with the services they provided. The entire team was on board and was very, very
Matrimonial Agreements & Louisiana Law: Many people use the term “prenuptial agreement” to refer to what the Louisiana Civil Code terms a “matrimonial agreement.” Use of this term “prenuptial agreement” can be misleading though since a matrimonial agreement can actually be entered into before or after a couple exchanges nuptial vows. In order to more fully understand matrimonial agreements, it is first necessary to define the legal term “matrimonial regime.” The Louisiana Civil Code provides that “[a] matrimonial regime is a system of principles governing the ownership and management of the property of married persons as between themselves and towards
Louisiana Irrevocable Trusts Explained: Irrevocable trusts are living trusts that are created during the grantor’s (or settlor’s) lifetime and which cannot be changed or revoked like a revocable trust. They are essentially contracts with yourself. A trustee is appointed to manage the assets on behalf of the beneficiaries. While grantors often appoint themselves as the initial trustee in revocable trusts, they lose many of the benefits of an irrevocable trust if the trust is “self-settled”. Thus, a third-party trustee should be appointed. The purpose of an irrevocable trust is to move the assets from the grantor’s control to that of
Five-Star Review! “Mr. Brady Smith handled my divorce for me. It was easy, painless and quickly done. He always kept me informed and answered any questions I had. Would definitely recommend. I’ll definitely be a return customer for any future divorces I may need.“ Louisiana Family Law Attorneys: We are a Gretna law firm that has served the New Orleans area since 1980. Our family law attorneys are highly experienced at handling divorces, custody, child support, alimony, property divisions, pre-nups, paternity, adoptions, protective orders, tutorship, interdictions, and more. We take pride in offering a personal and trusted experience. Call us today for a free consultation and find out why so many of our
Five-Star Review! “If I could give a 100-star rating, I would. My situation was unique because I am not a resident of Louisiana and never have been, but I needed help with a child custody case. Mr. Palmer not only assisted me in getting my case dismissed and moved back to Texas, where it belonged, but he did so very promptly. He consistently kept me informed about the progress and clearly explained the process. If you need assistance with legal matters, especially child custody, Mr. Palmer is the person to contact. I highly recommend Bowes, Petkovich & Palmer LLC to
Louisiana Revocable Trusts Explained: A revocable trust is a type of living trust that you can create during your lifetime and as such is an important estate planning tool. It is essentially a contract reflecting an agreement regarding the passing of property from one to another. The grantor (or settlor) maintains ownership and full control over the assets in the revocable trust while he or she is still alive. Per La. R.S. 9:2022, “reservation of the right to revoke includes the right to modify the trust.” Per La. R.S. 9:2042, “a reservation by the settlor of the right to revoke