Louisiana Code of Civil Procedure 3396.18 – Inventory or sworn descriptive list
Terms Used In Louisiana Code of Civil Procedure 3396.18
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
- Legatee: A beneficiary of a decedent
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A. Before the succession can be closed, a judgment of possession rendered, and the independent administrator discharged, there shall be filed an inventory or sworn detailed descriptive list of assets and liabilities of the estate verified by the independent administrator.
B. The detailed descriptive list shall be sealed upon the request of an independent administrator, heir, or legatee.
C. If the detailed descriptive list is sealed, a copy shall be provided to the decedent‘s universal successors and surviving spouse. Upon motion of any successor, surviving spouse, or creditor of the estate, the court may furnish relevant information contained in the detailed descriptive list regarding assets and liabilities of the estate.
Acts 2001, No. 974, §1; Acts 2010, No. 175, §1; Acts 2017, No. 198, §1; Acts 2020, No. 19, §2.