[LA] What form do I need to file to have my late mother’s unclaimed property released to me?
My mom, who passed away, has unclaimed property. The state of Louisiana has it. Will a small succession affidavit be what I need to release it to my brother or me?
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I am so sorry for your loss. Yes, if your deceased mother's Louisiana estate qualifies under the law as a "small succession," a Louisiana Small Succession Affidavit may be the appropriate legal tool to transfer unclaimed property to you and your brother (LA Code Civ Pro Art. 3421). This affidavit provides a simplified process for transferring assets without a formal probate court proceeding.
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Louisiana Small Estate Affidavit
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My mom, who passed away, has unclaimed property. The state of Louisiana has it. Will a small succession affidavit be what I need to release it to my brother or me?
Lexi, Chatbot
I'm sorry to hear about the passing of your mom. Have you already determined that the unclaimed property is held by the state of Louisiana?
Yes.
Lexi, Chatbot
Do you have a copy of your mom's will or any legal documentation regarding the distribution of her assets?
No, she doesn't have such documents.
Lexi, Chatbot
Is there anything else the Estate Lawyer should know before I connect you? Rest assured they'll be able to help with releasing the unclaimed property.
No. What form and why?
Jessica B
Thank you for choosing AskaLawyer! My name is Jessica and I am a licensed attorney that will be assisting you with your question.
Jessica B
I am so sorry for your loss. Yes, if your deceased mother's Louisiana estate qualifies under the law as a "small succession," a Louisiana Small Succession Affidavit may be the appropriate legal tool to transfer unclaimed property to you and your brother (LA Code Civ Pro Art. 3421). This affidavit provides a simplified process for transferring assets without a formal probate court proceeding.
How much does one cost?
Jessica B
The filing fee for a small succession affidavit in Tensas Parish, Louisiana, is generally $248.50 if the estate is valued at $125,000 or less. This fee covers the costs associated with administering the estate or obtaining simple possession.
I have already filled out my affidavit. What are the next steps?
Jessica B
The completed affidavit is filed with the clerk of court in the parish where the decedent resided.
Ok. Is there anything else that I need to do next?
Jessica B
After it is filed, then you attach a copy of the order to your Unclaimed Funds Claim packet along with a death certificate.
Ok. Then just wait?
Jessica B
Correct. They will either send you the check or a letter with any additional information they require.
Ok. Is this the most cost-effective way to have the funds released? Or is there a cheaper way?
Jessica B
This is the only way to have the funds released.
Thank you. Should I know anything else?
Jessica B
No, those are the steps to collect the money. Thank you.
Jessica B
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