LA Notary Successions, Wills, and Trusts 2

Question 1

Under Louisiana law, what are the two forms of valid testaments?

Accepted Answer

Olographic and notarial

Answer

Oral and written

Answer

Holographic and typed

Answer

Witnessed and unwitnessed

Question 2

What is intestate succession in Louisiana law?

Accepted Answer

The rules that determine property distribution when a person dies without a valid testament

Answer

Succession that occurs when property is divided by a trust

Answer

A succession handled by a federal court

Answer

Succession of property located in another state

Question 3

Under Louisiana law, who qualifies as a forced heir?

Accepted Answer

Children 23 or younger, or children of any age who are permanently incapable of caring for themselves

Answer

All children regardless of age

Answer

Only the surviving spouse

Answer

All blood relatives

Question 4

What is a succession representative (executor or administrator) in Louisiana law?

Accepted Answer

A person appointed to administer the estate, collect assets, pay debts, and distribute property to heirs

Answer

The oldest surviving family member

Answer

A bank that holds the decedent's accounts

Answer

The attorney who drafted the will

Question 5

Under Louisiana law, what is a trust and how does it differ from the civilian tradition?

Accepted Answer

Louisiana adopted the Trust Code as a statutory exception to civilian tradition, allowing property transfer to a trustee for beneficiaries

Answer

Louisiana does not recognize trusts

Answer

Trusts in Louisiana are identical to common law trusts

Answer

Only banks can serve as trustees

Question 6

What is independent administration in Louisiana succession law?

Accepted Answer

A form of estate administration where the testament grants the executor authority to act without court approval for each action

Answer

Administration without any court involvement

Answer

Administration by a surviving spouse only

Answer

Administration of estates under $100,000