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are additions.
Regular Session, 2010
HOUSE BILL NO. 603
BY REPRESENTATIVE ABRAMSON
SUCCESSION/INHERITANCE: Provides relative to the valuation table of mortality
AN ACT1
To enact R.S. 47:2405, relative to the valuation of certain assets; to provide a table for2
calculating the value of certain legacies or donations mortis causa; to provide for a3
table of mortality; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:2405 is hereby enacted to read as follows: 6
§2405. Valuation of annuity or usufruct and property subject thereto7
In fixing the value of any legacy or donation mortis causa which consists in8
whole or in part of an annuity or usufruct or right of use or habitation, the court shall9
consider the expectancy of life of the heir, legatee, or donee according to the table10
known as the American Experience Table of Mortality, at six per centum per annum11
compound interest. The following table may be used as the basis of fixing such12
values:13
PRESENT VALUE PRESENT VALUE14
LIFE OF NAKED OF LIFE15
EXPECTANCY OWNERSHIP USUFRUCT16
AGES IN YEARS OF $1.00 OF $1.0017
20 42.20 $ .085548 $ .91445218
21 41.53 .089967 .91003319
22 40.85 .092544 .90745620 HLS 10RS-1459 ENGROSSED
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23 40.10 .096672 .9033281
24 39.49 .100197 .8998032
25 38.81 .104231 .8957693
26 38.12 .108497 .8915034
27 37.43 .112975 .8870255
28 36.73 .117669 .8823316
29 36.03 .122533 .8774677
30 35.33 .127675 .8723258
31 34.63 .132994 .8670069
32 33.93 .138491 .86150910
33 33.21 .144448 .85555211
34 32.50 .150571 .84942912
35 31.78 .157003 .84299713
36 31.07 .163604 .83639614
37 30.35 .170661 .82933915
38 29.62 .178080 .82192016
39 28.90 .185664 .81433617
40 28.18 .193637 .80636318
41 27.45 .202086 .79791419
42 26.22 .217073 .78292720
43 26.00 .219810 .78019021
44 25.27 .229438 .77056222
45 24.54 .239430 .76057023
46 23.81 .249794 .75020624
47 23.08 .260612 .73938825
48 22.36 .271850 .72815026
49 21.63 .283666 .71633427
50 20.91 .295743 .70425728
51 20.20 .308275 .69172529 HLS 10RS-1459 ENGROSSED
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52 19.49 .321346 .6786541
53 18.79 .334678 .6653222
54 18.09 .348559 .6514413
55 17.40 .362956 .6370444
56 16.73 .377380 .6226205
57 16.05 .392532 .6074686
58 15.39 .408054 .5919467
59 14.74 .423774 .5762268
60 14.10 .439797 .5602039
61 13.47 .456366 .54363410
62 12.86 .472777 .52722311
63 12.26 .489655 .51034512
64 11.67 .506809 .49319113
65 11.10 .523806 .47619414
66 10.54 .541327 .45867315
67 10.00 .558395 .44160516
68 9.47 .576152 .42384817
69 8.97 .592963 .40703718
70 8.48 .610365 .38963519
71 8.00 .627412 .37258820
72 7.55 .644352 .35564821
73 7.11 .660916 .33908422
74 6.68 .677826 .32217423
75 6.27 .694187 .30581324
76 5.88 .710037 .28996325
77 5.49 .726532 .27346826
78 5.11 .742605 .25739527
79 4.74 .758915 .24108528
80 4.39 .774608 .22539229 HLS 10RS-1459 ENGROSSED
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81 4.05 .789852 .2101481
82 3.71 .805876 .1941242
83 3.39 .821084 .1789163
84 3.08 .835817 .1641834
85 2.77 .851206 .1487945
86 2.47 .866319 .1336816
87 2.18 .880928 .1190727
88 1.91 .894442 .1055588
89 1.66 .908152 .0918489
90 1.42 .920968 .07903210
91 1.19 .933250 .06675011
92 .98 .944528 .05547212
93 .80 .954717 .04528313
94 .64 .963773 .03622714
95 .50 .971698 .02830215
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Abramson HB No. 603
Abstract: Reenacts the valuation table of mortality used for the valuation of certain assets
in successions.
Proposed law reenacts the table of mortality used for the valuation of any legacy or donation
mortis causa to an heir, legatee, or donee which consists in whole or in part of an annuity or
usufruct or right of use or habitation, and provides that the table may be used as the basis of
fixing the values. These provisions of prior law were repealed by Acts 2008, No. 822, §1,
eff. Jan. 1, 2010, in conjunction with the repeal of various laws relative to inheritance taxes.
(Adds R.S. 47:2405) HLS 10RS-1459 ENGROSSED
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Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Civil Law and Procedure
to the original bill.
1. Added provision specifying that the mortality table is applicable to heirs.
2. Added provision changing the applicability of the table from mandatory to
permissive.