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In Louisiana, an affidavit of small succession is a written legal document used in succession cases where a decedent left behind less than $125,000 in assets to be distributed. If the inheritor qualifies for this process, he or she can avoid court involvement.
Download the form for Louisiana's affidavit for small succession and fill it out. It must be signed by at least two people, including a surviving spouse and heir. If there is no surviving spouse, two adult heirs must sign the form.
In Louisiana, they can: Create and execute affidavits. Help with small successions. Help with other legal written, contractual, or transactional needs.
Succession costs for smaller estates with cooperative heirs will typically range from $1,500.00 to $3,000.00. Succession costs for larger estates that require administration will typically range from $5,000.00 up to $15,000.00 depending on what needs to be done.
Louisiana Small Succession Affidavit The value of the decedent's estate is $125,000 or less. The decedent died without a will or died while residing in another state and had a will administered in that state.
Small Succession Definition Louisiana defines a "small" succession as an estate whose gross value is <$125,000. In calculating succession value, you should value assets as of the date of death, subtracting the amounts of any associated liens or encumbrances, but ignoring any unsecured debts.
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.