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Frequently Asked Questions about Estate Planning

Get Help from Experienced Shreveport Estate Lawyers

When planning for your family’s future, there are some details you should know about the process. The Shreveport estate attorneys at Richie, Richie & Oberle, L.L.P. have helped generations of families in Northwest Louisiana to protect their assets and ensure their interests are upheld. We are here to answer your questions about estate planning, so call us today and schedule your free consultation.

Call (318) 995-3339 now or contact us online to get started.

Many adults do not have an estate plan or even a will. While it may not seem important now, not having a plan can make things very difficult for their loved ones after an estate owner’s death. A good estate plan can help make sure your family members are taken care of. At Richie, Richie & Oberle, L.L.P., we help people with all aspects of the estate planning process, from asset protection to advance medical directives. Below are some questions we often hear about the estate planning process from people who are just getting started.

When do I need to start thinking about a will or estate plan?

It's never too early to draft a simple will. No matter how old you are, you can benefit from the peace of mind that comes from knowing your wishes will be respected no matter what happens. Many people first start estate planning after having children or accumulating significant property. Starting early allows you to continue updating or reworking your plan as you age and your circumstances change.

What will happen to my property if I don't have a will?

If you don't have a will, the state gets to determine what happens to your property. Generally, all or most of your property will go to a surviving spouse if you have one. If you do not have a spouse, your property will likely be divided among your descendants. While the state will attempt to fairly distribute your assets, you have no guarantee that your wishes will be followed.

What do I need to include in my estate plan?

Your estate includes all of your property from real estate to life insurance policies. Your estate plan will determine what happens to all your property following your death. In addition to naming who will receive what property, an estate plan can include directions for medical care, funeral arrangements, and more.

Beyond communicating your wishes, a good estate plan can ensure your wishes are carried out smoothly, and this can minimize the tax burden on your descendants. There are several different types of wills and trusts that you may want to consider; a lawyer can help you determine which one is best for you.

Who should I name as the executor of my estate?

While many people name their spouse or one of their children as the executor of their estate, that isn't necessarily the best choice for every family. Some people decide to name someone they are not related to as their executor to help prevent family disputes or avoid putting the burden on a loved one.

Richie, Richie & Oberle, L.L.P. is here to help you with all aspects of the estate planning and probate process. The attorneys of Richie, Richie & Oberle, L.L.P. have earned a reputation for their work in contested or litigated successions and are frequently called upon by other local attorneys for assistance in such matters.

For a free initial consultation, call us at (318) 995-3339. We are located in Shreveport, and we serve clients throughout northwest Louisiana. Se habla español.

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