How to distinguish assets belonging to a deceased person’s estate from those held by a corporation in Louisiana
How to Distinguish Estate Assets from Corporate Assets Under Louisiana Law Detailed Answer When a person dies in Louisiana, their estate consists of all assets they owned in their individual capacity at death. By contrast, a corporation established by a relative is a separate legal entity under Louisiana law. To determine whether an asset belongs […]
Read article →Who is eligible to receive surplus proceeds when the property was solely in the deceased spouse’s name in Louisiana?
Detailed Answer In Louisiana, when a sheriff’s sale of immovable property produces proceeds exceeding the debt, the excess amount (“surplus proceeds”) belongs to the former owner. If that owner has died, the surplus becomes an asset of the decedent’s succession and only individuals with a legal right in that succession may claim it. Below is […]
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