Both movable and immovable property can now be transferred by Affidavit if the succession is intestate and the decedent’s estate in Louisiana was valued at $125,000 or less at the time of death (or any value if the death occurred at least 20 years before the recording of the Affidavit for Small Succession).1 The immovable property does not have to be the decedent’s primary residence and does not even have to be residential property.
- 1La. C.C.P. arts. 3421, 3431. Different rules apply to out-of-state residents. Id. art. 3431(A).