House Bill No. by Representative Robby Carter amends the Code of Civil Procedure Article 3421(1) to redefine the criteria for small successions in Louisiana. The bill increases the threshold for the gross value of property that qualifies as a small succession from $125,000 to $200,000. This change aims to simplify the succession process for individuals who pass away with property valued at or below this new limit.
The proposed law reflects a significant adjustment in the legal framework governing small successions, allowing for a broader range of estates to be processed under simplified procedures. By raising the property value cap, the bill seeks to alleviate the administrative burden on families dealing with the succession of a deceased loved one, making it easier for them to manage smaller estates without the complexities of formal succession proceedings.