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Terms Used In Louisiana Code of Civil Procedure 3422

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

            In judicial proceedings under this Title, the following schedule of costs, compensation, and fees shall prevail:

            (1) Court costs for successions valued less than one hundred twenty-five thousand dollars shall be one-half the court costs in similar proceedings in larger successions, but the minimum costs in any case shall be five dollars; and

            (2) The compensation of the succession representative shall be not more than five percent of the gross assets of the succession.

            Acts 2017, No. 96, §1; Acts 2018, No. 422, §1.