SLS 12RS-17 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2012 SENATE BILL NO. 70 BY SENATOR MURRAY SUCCESSIONS. Provides relative to small succession procedures and effects. (gov sig) AN ACT1 To amend and reenact Code of Civil Procedure Articles 3421 and 3431(A)(introductory2 paragraph), and to repeal Code of Civil Procedure Article 3422.1(G), relative to3 small successions; to provide relative to small succession procedures and effects; to4 provide certain definitions, conditions, terms, and requirements; and to provide for5 related matters.6 Be it enacted by the Legislature of Louisiana:7 Section 1. Code of Civil Procedure Articles 3421 and 3431(A) (introductory8 paragraph) are hereby amended and reenacted to read as follows: 9 Art. 3421. Small successions defined 10 A small succession, within the meaning of this Title, is the succession or the11 ancillary succession of a person who at any time has died at any time, leaving12 property in Louisiana having a gross value of seventy-five thousand dollars or less13 valued as of the date of death or, if the date of death occurred at least twenty-five14 years prior to the date of filing of a small succession affidavit as authorized in15 this Title, leaving property in Louisiana of any value.16 * * *17 SB NO. 70 SLS 12RS-17 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Art. 3431. Small successions; judicial opening unnecessary1 A. It shall not be necessary to open judicially the small succession of a person2 domiciled in Louisiana who died intestate, or domiciled outside of Louisiana who3 died intestate or whose testament has been probated by court order of another state,4 and whose sole heirs are the following:5 * * *6 Section 2. Code of Civil Procedure Article 3422.1(G) is hereby repealed.7 Section 3. This Act shall become effective upon signature by the governor or, if not8 signed by the governor, upon expiration of the time for bills to become law without signature9 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If10 vetoed by the governor and subsequently approved by the legislature, this Act shall become11 effective on the day following such approval.12 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Jerry G. Jones. DIGEST Present law in Code of Civil Procedure relative to small successions defines "small succession" as the succession or the ancillary succession of a person who has died at any time, leaving property in Louisiana having a gross value of $75K or less valued as of the date of death. Proposed law defines "small succession" as the succession or the ancillary succession of a person who at any time has died leaving property in Louisiana having a gross value of $75K or less valued as of the date of death or, if the date of death occurred at least twenty-five years prior to the date of filing of a small succession affidavit, leaving property in Louisiana of any value. Present law provides circumstances under which it is not necessary to open judicially the small succession of a person domiciled in Louisiana who died intestate, or domiciled outside of Louisiana whose testament has been probated by court order of another state. Proposed law includes persons domiciled outside of Louisiana who died intestate. Present law provides certain procedures, management and effects for immovable property, subject to a small succession proceeding, that is damaged by a disaster or catastrophe for which a declaration of emergency or federal declaration of disaster or emergency was issued. Also provides that such present law shall expire on Jan. 1, 2013. Proposed law repeals termination date. Effective upon signature of the governor or lapse of time for gubernatorial action. (Amends C.C.P. Arts. 3421 and 3431(A)(intro. para.); repeals C.C.P. Art. 3422.1(G))