Louisiana Statutory Will Order

State:
Louisiana
Control #:
LA-SKU-0455
Format:
PDF
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Description

Statutory Will Order Louisiana Statutory Will Order is a legal document approved by the government of Louisiana that allows a person to designate how their assets are to be distributed after death without having to create a formal will. This document is an alternative to a traditional will and provides for the automatic disposition of assets to a surviving spouse, children, and other heirs according to a predetermined order of distribution. The three types of Louisiana Statutory Will Order are: 1) Descent and Distribution, 2) Intestate Succession, and 3) Community Property with Right of Survivorship. Descent and Distribution is the most common form of Louisiana Statutory Will Order. It is used when the deceased has not created a will and the assets must be distributed according to the state guidelines. Under this form, the surviving spouse receives a one-third share of the deceased’s assets. The remaining two-thirds are divided among the deceased’s children in equal shares. Intestate Succession is used when the deceased has not created a will and has no surviving spouse or children. In this instance, the assets are distributed to the deceased’s parents, siblings, nieces and nephews, and other more distant relatives. Community Property with Right of Survivorship is used when the deceased and his or her spouse held assets in joint ownership. Under this form of Louisiana Statutory Will Order, the surviving spouse receives the entire share of the deceased’s assets.

Louisiana Statutory Will Order is a legal document approved by the government of Louisiana that allows a person to designate how their assets are to be distributed after death without having to create a formal will. This document is an alternative to a traditional will and provides for the automatic disposition of assets to a surviving spouse, children, and other heirs according to a predetermined order of distribution. The three types of Louisiana Statutory Will Order are: 1) Descent and Distribution, 2) Intestate Succession, and 3) Community Property with Right of Survivorship. Descent and Distribution is the most common form of Louisiana Statutory Will Order. It is used when the deceased has not created a will and the assets must be distributed according to the state guidelines. Under this form, the surviving spouse receives a one-third share of the deceased’s assets. The remaining two-thirds are divided among the deceased’s children in equal shares. Intestate Succession is used when the deceased has not created a will and has no surviving spouse or children. In this instance, the assets are distributed to the deceased’s parents, siblings, nieces and nephews, and other more distant relatives. Community Property with Right of Survivorship is used when the deceased and his or her spouse held assets in joint ownership. Under this form of Louisiana Statutory Will Order, the surviving spouse receives the entire share of the deceased’s assets.

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Louisiana Statutory Will Order