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Is independent administrator the same as executor?
The terms administrator and executor are often used interchangeably, but theres a subtle difference. An administrator can refer to anyone appointed to manage the affairs of a deceased person. An executor is a specific type of administrator named in a persons will to manage their estate after they pass away.
Who inherits property if there is no will in Louisiana?
In Louisiana, when someone dies without a will, their property goes to relatives. It goes to their surviving relatives. If children are alive: Children receive individual shares of separate property; spouse not included.
What is the difference between an executor and an administrator in Louisiana?
An administrator can refer to anyone appointed to manage the affairs of a deceased person. An executor is a specific type of administrator named in a persons will to manage their estate after they pass away. The executor is responsible for carrying out the terms of the will.
What are the powers of an independent administrator in Louisiana?
Independent administration in Louisiana In an independent administration, the succession representative does not need court permission to pay debts, list property for sale, sell real or personal property of the estate, borrow, exchange, lease, or invest succession property.
What is the Article 1416 of the Louisiana Civil Code?
Universal successors are liable to creditors for the payment of the estate debts in proportion to the part which each has in the succession, but each is liable only to the extent of the value of the property received by him, valued as of the time of receipt.
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What is a letter testamentary or letter of administration in Louisiana?
Letters Testamentary are legal documents issued by a probate court that authorize the executor named in the deceased persons will to manage and distribute the estate ing to the terms of the will. If there is no will, the court may appoint an administrator through Letters of Administration.
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An Independent Administrative Hearings Tribunal
by A Wise 2008 Cited by 7 Almost twelve years ago, Louisiana joined a growing trend and created a centralized, executive branch, administrative hearings tribunal.
The Louisiana Division of Administrative Law provides a neutral forum for resolving administrative disputes between government agencies and those they regulate.
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