Tuesday, June 5, 2012

Do I Need To Go To Court For A Succession?

If a person dies and leaves property in Louisiana, and the gross value of that property is $125,000 or less at the time of death, then a small succession proceeding can be used to settle the person’s estate.

 It is not necessary to judicially open a small succession if the following applies:
  1. The person was domiciled in Louisiana and died without a will; or
  2. The person was domiciled outside of Louisiana and had his will probated by court order in another state; and
  3. The person’s sole heirs are either his children, his parents, his siblings or their children, his surviving spouse, or his legatee (someone he left property to in his will).

If an estate qualifies for a small succession, the heirs can execute an Affidavit of Small Succession without having to open a court case or appear in court.

For more information, contact us at info@thebluestink.com or (225) 456-2200.
www.TheBluestInk.com

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