Dividing Property Without A Will - Intestate Successions
About
Dividing Property Without a Will, i.e. Intestate Succession
When a person dies without a will they die, intestate. Intestate law determines how a person's assets and property get distributed. Since the person does not have a will, intestate law in Louisiana passes property to their heirs. The order of division depends on if the person has a surviving spouse and the type of marriage. It also depends on whether the person has children or other relatives that property may pass to. The law distributes assets depending on the degree of relationship to the decedent.
The following assets do not get distributed by intestacy. The assets pass to a surviving co-owner or beneficiary.
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Property the decedent transferred to a living trust.
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The decedent's life insurance proceeds.
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Funds from an IRA, 401(k) or other retirement accounts.
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Funds from payable-upon death bank accounts.
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Property the deceased owned with another person through joint tenancy (holding of property by two or more owners).
Links to the Law
Types of Property in Marriage to Another Person
Types of Property in Marriage to Another Person
Property is Separate Property or Community Property when you get married to another person. Classify the type of property for the succession.
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Community property is all property earned or acquired during a marriage. This includes property that is earned or acquired by an individual spouse. There is a presumption that all property acquired or earned during the marriage. Under Louisiana law, the property is the marriage is community property.
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Community property laws apply to all spouses living in Louisiana
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Spouses did not have to live in Louisiana during their marriage
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Spouses do not have to have a marriage take place in the state of Louisiana
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Separate property includes inherited property or "heir property". Under a separate property regime of marriage, property bought with money is separate. Separate property is separate from the community property in a Louisiana marriage under the law.
Links to the Law
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Art. 2341.1. Acquisition of undivided interests; separate and community property
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Art. 2344. Offenses and quasi-offenses; damages as community or separate property
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Art. 2357. Satisfaction of obligation after termination of regime
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Art. 2361. Obligations incurred during marriage; presumption
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Art. 2364. Satisfaction of separate obligation with community property or former community property
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Art. 2365. Satisfaction of community obligation with separate property
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Art. 2367. Use of separate property for the benefit of community property
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Art. 2367.1. Use of separate property for the benefit of separate property
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Art. 2367.3. Satisfaction of separate obligation with separate property
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Art. 2369.6. Alienation, encumbrance, or lease of movable assets of former community enterprise
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Art. 2369.8. Right to partition; no exclusion by agreement; judicial partition
Heirs and the Right to Inherit
Heirs have three options when the decedent dies
- Accept the succession unconditionally
- Accept with benefit of inventory; or
- Renounce the successions
Acceptance may be formal or informal.
- Formal acceptance is where the successor expreslly accepts in writing or assumes the quality of successor in a judicial proceeding.
- Informal acceptance is where the successor does some act that clearly implies his intent to accept. e.g. living in the home of a parent
Understanding the right to inherit as an heir
A successor must have capacity. To have capacity the successor may come into existence in three ways:
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(1) Born at the time of death of decedent,
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(2) Conceived at the time of death of decedent and later born alive,
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(3) Meet the conditions of §391.1. Child conceived after death of parent
The successor must not go out of existence before the death of the decedent.
Unworthiness is an involuntary termination of inheritable rights to a successor. The court declares unworthiness in instances where there is a:
An action to declare that a successor is unworthy can get filed only by the person who is the other successor. An action can also get filed by a person who has claims of a successor i.e. representing a minor. The other successor may succeed in the place of the unworthy successor. The other successor may have also succeeded with the court-declared unworthy successor. An executive pardon or pardon by law does not affect the unworthiness of the successor.
Links to the Law
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Art. 949. Death of decedent as prerequisite to acceptance or renunciation
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Art. 950. Knowledge required of successor as prerequisite to acceptance or renunciation
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Art. 952. Probate or annulment of testament after acceptance or renunciation of succession
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Art. 954. Retroactive effects of acceptance and renunciation
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Art. 956. Claims of successor who is a creditor of the estate