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What is the Louisiana Small Successions Act, and how does it affect me?

Thursday, February 01, 2018

The Louisiana Small Successions Act allows families to use an heirship affidavit to prove their ownership of property if they do not have title to their property. An heirship affidavit allows the passage or transfer of ownership of inherited property to the legal heirs by placing legal title with them when the decedent’s interest in the property does not exceed $125,000. This law was signed into the Louisiana Code of Civil Procedure on June 12, 2017. Prior to this law, the cap was at $75,000. Further, the new law also allows families to use the affidavit process for estates of any value in which the person died more than 20 years ago.  Read More...