An estate plan can play a vital role in your peace of mind and financial security. An experienced and attentive attorney can ensure that your estate plan accurately reflects your wishes and protects your interests. Attorneys at Oriol & Edler, LLC are skilled attorneys who establish last will and testaments in accordance with their clients’ wishes and best interests. Turn to us for skilled help with your estate plan.
Types of Estate Planning Documents
There are several estate planning directives that can benefit you, your family and your family’s legacy. At Oriol & Edler, LLC, we can help you explore your options in establishing any or all of the following:
- Last Will and Testament: This directive comes into effect after you die and directs how you want your estate to be divided. In your will, you can appoint an administrator, who will handle the succession process. In a last will and testament, you essentially give your estate away in proportionate amounts and leave particular items to particular individuals. For example, you may decide to leave all of your cash to one child and all of your real estate to another. Or, you may choose to gift money to an organization and leave the remainder of your estate to your family.
- Trusts: You may want to leave a portion of your estate to someone incapable of managing that gift, such as a child. A trust will ensure that your gift is appropriately managed to the benefit of the individual to whom it was intended.
- Powers of Attorney: By granting an individual power of attorney, you are giving him or her the ability to conduct financial business on your behalf. For example, the person with power of attorney can sign your checks, make withdrawals out of your bank accounts and pay your bills on your behalf. Powers of Attorney can also include a provision for medical situations.
If you need estate planning documents such as a will document, or if you are unsure about which documents you require, call us at (985) 845-2227 to arrange a consultation. You can also contact us online.
When a person is named as administrator or appointed as executor of a last will and testament, he or she is tasked with various responsibilities. Some of these responsibilities can seem overwhelming, particularly if the individual has recently lost a close family member or friend.
At Oriol & Edler, LLC, we represent administrators and executors and can provide the legal representation to ensure the succession process is as seamless as possible. We also regularly assist out-of-state clients with succession needs in Louisiana. Contact our law firm to schedule your consultation.
Duties of Executors
As an executor, you will become responsible for participating in certain legal procedures. Attorneys at Oriol & Edler, LLC can ensure you meet your responsibilities in the process of obtaining will enforcement, which is essentially the enforcement of your loved one’s wishes.
As an executor, you will need to ensure that the following estate administration duties are met:
- Open the succession
- Identify heirs and beneficiaries
- Identify and value estate’s property and assets
- Pay estate debts (if applicable)
- Pay estate taxes (if applicable)
- Appear in court (if necessary)
Distribute property and assets to heirs
The above is not an all-inclusive list, and there are many complicated nuances involved in a succession. Attorneys at Oriol & Edler, LLC can ensure you meet all of your duties, file the proper paperwork and provide skilled advice and guidance throughout the succession process. If you have been named as executor or administrator, call us at (985) 845-2227 to arrange a consultation. You can also contact us online.