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SMALL SUCCESSIONS A succession is small if: the decedent died intestate, the estate is less than $50,000 gross, the estate contains no immovable property, and the decedents only heirs are their surviving
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Small successions refer to the process of transferring assets from a deceased person to their heirs when the value of the estate falls below a certain threshold.
The heirs or beneficiaries of a deceased person's estate are required to file small successions.
To fill out small successions, the heirs must gather information about the deceased person's assets, debts, and beneficiaries, and submit the required forms to the appropriate court.
The purpose of small successions is to legally transfer the assets of a deceased person to their heirs in a simplified and expedited manner.
Information such as the deceased person's assets, debts, beneficiaries, and any relevant legal documents must be reported on small successions.
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