Louisiana 2017 2017 Regular Session

Louisiana House Bill HB129 Comm Sub / Analysis

                    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)]
HB 129 Original	2017 Regular Session	Davis
Abstract: Modifies the definition of a small succession. 
Present law provides that a decedent's property must have a gross value of $75,000 or less to qualify
as a small succession. 
Proposed law increases the gross value of a decedent's property from $75,000 to $150,000 to qualify
as a small succession. 
Present law also defines a small succession as a succession involving property of any value if the
filing of the small succession affidavit occurs at least 25 years after the date of the decedent's death. 
Proposed law changes present law to define a small succession as property of any value if  the filing
of the small succession affidavit occurs at least 20 years after the date of the decedent's death.
(Amends C.C.P. Art. 3421)