This list presents to the Court a detailed descriptive list of all items of property belonging to the minor children
Louisiana Detailed Descriptive List
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Description
Definition and meaning
The Louisiana Detailed Descriptive List is a legal document that lists all items of property belonging to minor children in a tutorship proceeding. This form details the location and fair market value of each asset, providing the court with an overview of the children's estate. It plays a critical role in managing the financial aspects of the children's guardianship.
How to complete a form
Completing the Louisiana Detailed Descriptive List involves the following steps:
- Begin by entering the details of the tutorship proceeding, including the number and section of the court.
- List all moveable property, including items such as life insurance proceeds and bank account details, along with their fair market values.
- Summarize total debts associated with the estate.
- Calculate and present the total net estate by subtracting total debts from total assets.
- Finally, sign the document in the presence of a notary public to authenticate it.
Who should use this form
The Louisiana Detailed Descriptive List is intended for individuals acting as petitioners in tutorship proceedings. This typically includes guardians or custodians of minor children who need to report on the financial status of the children’s estate to the court. It is essential for those involved in such legal processes to ensure clarity and compliance with state laws.
Key components of the form
The Louisiana Detailed Descriptive List comprises several critical sections:
- Property Listings: Detailed descriptions of assets owned by the minor children.
- Value Assessment: Fair market value for each listed item.
- Total Assets: A cumulative value of all properties and accounts.
- Debts: A clear overview of all liabilities associated with the estate.
- Conclusion: The final net estate value, which is crucial for court review.
Common mistakes to avoid when using this form
When filling out the Louisiana Detailed Descriptive List, keep in mind the following common mistakes:
- Failing to provide accurate and up-to-date property values can mislead the court.
- Omitting any assets or liabilities can result in legal complications.
- Not signing the document in front of a notary public may lead to invalidation.
- Neglecting to ensure clarity in descriptions can cause confusion.
What documents you may need alongside this one
When submitting the Louisiana Detailed Descriptive List, you may need the following documents:
- Proof of the minor children's identity, such as birth certificates.
- Documents evidencing property ownership, like deeds or account statements.
- Legal documents related to the tutorship proceeding.
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