- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Ever been through a succesion after a parent dies?
Posted on 1/6/16 at 9:16 am
Posted on 1/6/16 at 9:16 am
After the Judge signs the Order of Possession, how is the money that was in bank accounts distributed to the beneficiaries?
8
Posted on 1/6/16 at 9:18 am to NatalbanyTigerFan
The executor or executrix is charged with effecting distributions. They are (by law) entitled to a small percentage for this task.
Posted on 1/6/16 at 9:20 am to soccerfüt
quote:
They are (by law) entitled to a small percentage for this task.
Is it a percentage or can they recoup their expenses? I was under the impression they could recoup expenses.
Posted on 1/6/16 at 9:23 am to soccerfüt
I am the Executor of the will.
Posted on 1/6/16 at 9:24 am to NatalbanyTigerFan
Then the OT is a perfect place to come to for this important legal advice.
Posted on 1/6/16 at 9:26 am to Wtodd
If a family member or close friend, it is usually for free (when I did it, it stated in the Will that I was to perform the normal duties for free less any reasonable expenses). Typical expenses requiring reimbursement are Fed Ex charges, having things appraised, etc. Attorney fees were all billed and paid out of the estate account.
Posted on 1/6/16 at 9:27 am to NatalbanyTigerFan
eventually most goes to uncle sam regardless.
Posted on 1/6/16 at 9:27 am to NatalbanyTigerFan
You write the beneficiary a check from the estate account for the appropriate amount.
The executor or executrix can take a fee but it is pretty small. I'm not sure about expenses but probably so.
But if it has already been signed off by a judge I don't think you can go back and request.
The executor or executrix can take a fee but it is pretty small. I'm not sure about expenses but probably so.
But if it has already been signed off by a judge I don't think you can go back and request.
Posted on 1/6/16 at 9:28 am to NatalbanyTigerFan
Just ask the attorney that handled the succession.
Posted on 1/6/16 at 9:31 am to UpToPar
And why is it that an Attorney has to be used for a simple succession? Pisses me off that they get paid for something that I should be able to go down to the Clerk's office with a certified Death Certificate and fill out a form to do.
Posted on 1/6/16 at 9:37 am to Martini
Posted on 1/6/16 at 9:45 am to NatalbanyTigerFan
quote:
I guess I could've just googled all of this first huh?
As an attorney, I can assure you that you are my least favorite type of client.
Posted on 1/6/16 at 11:07 am to FearTheFish
quote:
As an attorney, I can assure you that you are my least favorite type of client.
And as a client, I'd rather have an attorney that doesn't spend most of his day on message boards. But thanks for the helpful info.
Posted on 1/6/16 at 11:13 am to jbgleason
the attorney charged us $2500 for the succession when my mom passed away. I didn't think that was bad considering what attorneys charge for anything these days.
Posted on 1/6/16 at 11:15 am to NatalbanyTigerFan
quote:
And as a client, I'd rather have an attorney that doesn't spend most of his day on message boards. But thanks for the helpful info.
Posted on 1/6/16 at 11:15 am to NatalbanyTigerFan
quote:
And as a client, I'd rather have an attorney that doesn't spend most of his day on message boards. But thanks for the helpful info.
You have almost 5000 more posts in a just about equal time as a member on this site. Was there a point you were trying to make?
Posted on 1/6/16 at 11:20 am to vjp819
quote:
the attorney charged us $2500 for the succession when my mom passed away.
Damn baw you got robbed unless you all have a lot of property or you're multi-millionaires or something.
Oh wait it's the OT of course you're multi-millionaires.
Posted on 1/6/16 at 11:22 am to NatalbanyTigerFan
quote:
how is the money that was in bank accounts distributed to the beneficiaries?
Government takes 85%. The rest goes to the family according to will.
Posted on 1/6/16 at 11:25 am to LNCHBOX
quote:
You have almost 5000 more posts in a just about equal time as a member on this site
Posted on 1/6/16 at 11:30 am to jbgleason
quote:
And why is it that an Attorney has to be used for a simple succession? Pisses me off that they get paid for something that I should be able to go down to the Clerk's office with a certified Death Certificate and fill out a form to do.
"I hereby swear that I was his only child and am entitled to all his property and assets. Please give them to me now."
Yeah what could go wrong?
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News