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Succession Checklist John E. Sirois, JD, MBA, CFP, CIMA, CIMC Attorney at Law Certified Financial PlannerTM Certified Investment Management Consultant One Galleria Boulevard, Suite 735 Metairie, Louisiana.

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However, succession isn't always required. Generally, a decedent's estate goes through succession or probate in Louisiana if the estate is worth $125,000 or more, regardless of whether the decedent died with a will (testate) or without a will (intestate).

ing to this section of Louisiana law, you are only obligated to pay debts from the property that you inherit as that property is valued at the time of receipt. You do not have to use your other assets, earnings, or inheritances to pay succession debts.

In some cases, the process is simple, but in other cases, it can get very complicated very quickly. In all but the simplest situations, you should work with a succession attorney to ensure that the process is as efficient as possible and that, as an heir, your rights are protected.

For simple successions, court costs can range from $300.00 to $600.00 depending on the parish where the succession will be filed. When an administration is needed for an estate, court costs will be higher depending on the filings necessary to complete the administration and can range from $1,500.00 up to $3,000.00.

During the succession process, the court will determine the validity of the testament, confirm the legitimacy of heirs, oversee the paying of debts, value the remaining assets, and ultimately transfer the assets. If there is a problem at any of these stages, the process will stop until the problem is resolved.

File the following documents: Petition for Possession, Affidavit of Death, Domicile, and Heirship, Sworn Descriptive List of Assets and Liabilities, Renunciations or donations (if applicable), and Judgment of Possession. They open the succession in court and begin the process to divide the estate.

Process Guide to Filing a Small Succession Step One - Make Sure You Qualify for the Small Succession. ... Step Two - Gather Information About the Heirs and Estate. ... Step Three - Draft & Sign the Affidavit of Small Succession. ... Step Four - File the Small Succession Affidavit with the Clerk of Court.

Expect succession to take from six months to a year before the final assets may be distributed to the heirs. In complicated situations, that timeline may be extended to several years.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232