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In Louisiana, a succession may qualify as a small succession if a person dies: (1) leaving property in the state of Louisiana; and (2) if the gross value of all of the decedent's assets is $125,000 or less.
Sworn Descriptive List of Assets and Liabilities Real estate with a legal description of the property. Bank accounts. Stocks. Bonds. Cash. Personal property of value such as jewelry, cars, boats, and business interests. Mortgages. Other loan notes.
How to File (4 steps) Step 1 \u2013 Wait 90 Days If Succession Includes Immovable Property. Step 2 \u2013 Gather Information. Step 3 \u2013 Fill Out and Sign the Affidavit. Step 4 \u2013 File the Affidavit at a District Court.
In this case, Louisiana law allows you to file for succession in any parish where your loved one had real estate or immovable property. If your loved one had no immovable property but did have other assets, you may file for succession in any parish where the moveable assets are located.
Sworn Descriptive List of Assets and Liabilities Real estate with a legal description of the property. Bank accounts. Stocks. Bonds. Cash. Personal property of value such as jewelry, cars, boats, and business interests. Mortgages. Other loan notes.
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In this case, Louisiana law allows you to file for succession in any parish where your loved one had real estate or immovable property. If your loved one had no immovable property but did have other assets, you may file for succession in any parish where the moveable assets are located.
Succession Process File an Affidavit of Death, Domicile, and Heirship with the court in the parish where the decedent lived. A Petition for Probate of Testament is filed to requests that the court recognize the will. The court appoints a succession representative to handle the administration of the estate.
How to File (4 steps) Step 1 \u2013 Wait 90 Days If Succession Includes Immovable Property. Step 2 \u2013 Gather Information. Step 3 \u2013 Fill Out and Sign the Affidavit. Step 4 \u2013 File the Affidavit at a District Court.
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.
As a practical matter, it typically takes two to six months to complete a succession. Some successions remain open for years due to complexity, litigation between the heirs, or a number of other reasons.

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