Progeny Law Firm

Every year, people across the country discover they’ve inherited property in Louisiana—whether it’s a family home, a piece of rural land, or an interest in a business. But if you live in another state, inheriting assets located in Louisiana isn’t always straightforward. That’s because Louisiana follows a unique legal system and is based on civil […] The post Out-of-State Heirs and Louisiana Succession: What They Need to Know appeared first on Progeny Law Firm. http://dlvr.it/TM6VF8

When someone dies in Louisiana without a will—or even with one that doesn’t clearly assign property—multiple heirs often inherit undivided interests in real estate. While it might sound fair on paper, this arrangement can quickly become a legal and emotional nightmare. Undivided co-ownership, or ownership in indivision, means that each heir owns a share of […] The post The Trouble with Undivided Property: Why Co-Owned Inheritance Often Leads to Conflict appeared first on Progeny Law Firm. http://dlvr.it/TM00TF

Estate planning can be complicated in any family, but it becomes particularly challenging in blended families—especially in Louisiana, where forced heirship and unique community property laws create additional legal hurdles. Many people enter second or third marriages with the belief that they can simply “leave everything to their spouse,” not realizing that Louisiana law often […] The post Blended Families and Forced Heirship: Estate Planning Traps in Second Marriages appeared first on Progeny Law Firm. http://dlvr.it/TLsTG4

The Overlooked Risk in Business Partnerships Business owners often invest considerable time and money into building their enterprise, but many overlook a major vulnerability: what happens to the business when one partner dies? In Louisiana, the question is further complicated by the state’s unique succession laws, particularly forced heirship. If a co-owner dies without a […] The post When a Business Partner Dies Without a Succession Plan appeared first on Progeny Law Firm. http://dlvr.it/TLg30G