Louisiana Concerning Property With Right Of Survivorship
Description
How to fill out Louisiana Packet Concerning Community Property?
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FAQ
If one co-owner dies, their interest in the property automatically passes to the surviving co-owner(s), whether or not they have a will.
Louisiana does not recognize joint tenancy with rights of survivorship (JTWROS).
When the decedent died owning community property and having no children, the surviving spouse of the decedent will inherit the community property. Any separate property will be inherited by the decedent's family. There is a specific order that the decedent's family will inherit.
JTWOS is recognized in many states in the United States, but it is not recognized in Louisiana. In Louisiana, the default form of co-ownership gives each co-owner the ability to pass by will or inheritance the co-owner's undivided interest in the property. There is no right of survivorship for the remaining co-owners.
For example, if two people, Mark and Amanda, own a property together and Mark dies, then Amanda will become to sole owner of the property even if this is not detailed in the will because the two of them purchased the property together.