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This will prevent a constituent from using Louisiana's small succession procedure
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Terms in this set (17)
This will prevent a constituent from using Louisiana's small succession procedure
died testate, assets less than $125,000 in gross assets.
These will allow a constituent to use Louisiana's small succession procedure
died intestate, assets less than $125,000 gross value and can't locate an heir.
In Louisiana, a constituent can use the small succession when
the person died intestate, affidavit to be filed more than 20 years after date of death, assets value in excess of $125,000.
A constituent can use a small succession
with no surviving spouse or descendants, but has two brothers and assets are less than $125,000.
In Louisiana, if a person dies with a will, the family can still make use of a small succession even if the gross estate is over $125,000 as long as the small succession is filed
more than 20 years after the decedent's death.
In small successions, a tutor need not file a petition to be appointed tutor
in order to sign on behalf of a minor child.
In a small succession,
a surviving spouse's legal usufruct must be included, if applicable.
Can you use a small succession for: $200,000 total value community assets and $5,000 in separate property in bank account?
Yes
Can you use a small succession for: $120,000 is decedent's share of community and $9,450 value for shotgun given to decedent?
NO
Can you use small succession for: $12,000 in community bank account, $120,000 value of property inherited from decedent's father before decedent died; $8,000 in debts?
NO
Can you use small succession for: $20,000 in separate bank account; $300,000 total value in community assets decedent died February 15, 1998, affiant is in your office today?YesCan you use small succession for: $20,000 in separate bank account; $300,000 total value in community assets decedent died February 15, 1998; $30,000 in debts, affiant is in your office today?YesCan you use small succession for: the decedent in the small succession was domiciled in Texas, had a will hat has not ben probated by a court but has separate property in Louisiana valued at $100,000?NOCan you use small succession for: as long as one heir affirms the accuracy of the small succession information, the document will have legal effect, even if other heirs who are available to sign, do not sign?NOLaura Benson, 27, Harold Benson, 23 and James Benson, 22 are heirs of the decedent with no surviving spouse. The deceased, domiciled in Louisiana, died intestate with $125,000 gross value in movable assets.Laura's portion is 33 1/3%Assume Laura 27, Harold, 23 and James, 22; and there is a surviving spouse. The total gross value of the community property was $120,000. The children's share would each beone third of one half, $20,000 each of $60,000The affiants who sign a small succession to inherit land in Louisiana from a decedent who resided outside Louisiana and had a will, are calledlegatees.