Louisiana Civil Code 1232 – Method of declaring dispensation from collation
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Terms Used In Louisiana Civil Code 1232
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Legacy: A gift of property made by will.
The declaration that the gift or legacy is made as an advantage or extra portion may be made in the instrument where such disposition is contained, or afterwards by an act passed before a notary and two witnesses, or in the donor‘s last will and testament. Unless expressly stated to the contrary, a declaration of dispensation from collation made in the last will and testament of the donor shall be effective as a dispensation from collating donations made both before and after execution of said testament.
Acts 1986, No. 246, §1.
{{NOTE: SEE ACTS 1986, NO. 246, §2.}}