The Louisiana State Legislature increased the estate value for the small succession process to $125,000.00. If you need to transfer ownership of any property after the death of a loved-one, the heirs must meet all of the small succession requirements, including that your loved-one passed away without a Will (intestate); OR with a Will (testate) probated in another state.
If the value of the estate is less than $125,000.00, the process is simple and the heirs record an Affidavit of Small Succession to effect the transfer of all property. No formal succession needs to be opened under the above circumstances.
A Notary, as opposed to an attorney, can prepare an Affidavit of Small Succession at minimal cost. Let Cypress Notary help you through this process.