Legal Question in Wills and Trusts in Louisiana

Assets vs liabilities in Louisiana

In Louisiana in order to claim assets of a decested parent do you also have to claim their liabilities. Such as medical bills credit card bills or any other debt that you had no part in aquiring.


Asked on 8/23/02, 3:02 pm

1 Answer from Attorneys
Steve LeBlanc Steve LeBlanc, Ltd., (APLC)

Re: Assets vs liabilities in Louisiana

An heir to an estate is liable for the debts of the decedant if he or she accepts the succession. An option is to accept the succession with benefit of inventory. If the inventory shows that the succession is insolvent, then the heir can reject the succession.

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Answered on 8/23/02, 4:08 pm


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