Louisiana 2017 2017 Regular Session

Louisiana House Bill HB129 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 96 (HB 129) 2017 Regular Session	Davis
Prior law provided that a decedent's property must have a gross value of $75,000 or less to
qualify as a small succession. 
New law increases the gross value of a decedent's property from $75,000 to $125,000 to
qualify as a small succession. 
Prior law also defined 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. 
New law changes prior 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.
Prior law provided for court costs and commissions in small succession judicial proceedings.
New law replaces the term "commissions" with "compensation" for consistency purposes in
the law, and amends prior law to provide that for successions valued at less than $75,000 the
court costs shall be one-half of the costs in similar proceedings in larger successions. 
Effective August 1, 2017.
(Amends C.C.P. Arts. 3421 and 3422)