Plain English Breakdown
The official source does not provide specific details about how the act will impact court procedures, only that it amends and reenacts a section of the Code of Civil Procedure.
Rules for Small Successions
This act changes the definition of a small succession to include people who leave behind property worth up to $200,000 or less at the time of their death.
What This Bill Does
- Changes the law about what counts as a 'small succession'.
- Increases the limit for property value in a small succession from $125,000 to $200,000.
Who It Names or Affects
- People who leave behind less than $200,000 in property when they die.
- Courts and legal professionals dealing with small successions.
Terms To Know
- Succession
- The process of distributing a person's assets after their death.
- Domiciled in Louisiana
- Living and having legal residence in the state of Louisiana at the time of death.
Limits and Unknowns
- This act only affects people who leave behind property worth up to $200,000 or less.
- The exact impact on court procedures is not detailed in this summary.