The Louisiana Surviving Spouse That Goes Through a Succession and Wants Their Children to Avoid It
Hi, I want to talk to you about a decision a surviving spouse often has here in Louisiana. It's a common trend and a common thing that happens when the first spouse dies and that surviving spouse has to go through that court process we call the succession, other states call it probate. They do this to get everything that's titled in the first spouses name out of his name and into the name of the surviving spouse, or the children, or whoever the heirs are. A lot of the time surviving spouses will ask if there's a way they can set this up easier to that when they pass away things will be easier for my children and they won't have to go through a court process that will cost thousands or tens of thousands of dollars and will take months or years for the family to go through.So what the suriving spouse does is they have to go that first succession because things are in the first spouse that died's name but then the surviving spouse says,"Once we finish this succession let's put things into a trust so this necessity for a probate at my death will be avoided." A lot of times for a surviving spouse, if you're in that position, you've got to get that succession done on your spouse but then you can put things into a trust to eliminate the need for a succession or probate when you pass away. This will make things easier for your children. I'm Paul Rabalais and that's just a tip on settling estates. Have a good day!