What Accountings are Required by Louisiana Independent Executor?

If either the Last Will authorizes it, or if all heirs agree, an executor named in a Louisiana Will can be what is known as a "independent executor."

An independent executor can take many necessary actions without the necessity of seeking and obtaining court approval.  So what does the Louisiana law say about an independent executor being accountable to the heirs?

In successions where all of the heirs are in agreement on how the estate should be settled, the heirs will often sign documents waiving the final accounting. However, if at least one of the heirs does not waive a final accounting, then the independent executor must file a final account with the court.

So what is a final account? A final account is a succession document prepapred by either the independent executor, his attorney, or his accountant, which shows the money or other property received by and in the possession of the independent executor at the time the independent executor took office, the revenue, other receipts, disbursements, and disposition of property during the period, and the remainder in the possession of the independent executor at the end of the accounting period.

Preparing an accurage accounting can be exhaustive work. It's much easier to have all of the heirs waive this accounting. But if at least one heir requests this accounting, it has to be done and filed with the court. The independent executor cannot be discharged until all of the heirs waive the accounting or the accounting is filed with the court.

If you are an executor or an administrator of a Louisiana succession, and you want to make sure you comply with your obligations as the succession representative, and maybe even more importantly, avoid personal liability for acting inappropriately, feel free to send me an email at paul@rabalaislaw.com or give my office a call at 225-329-2450. Put in the subject line of your email, "EXECUTOR NEEDS HELP," and I'll give it my undivided attention.

Paul Rabalais

Comments

[Tammy]

If all the heirs did not waive the final accounting because the ind. executor did not know where some of them were located (only having a last known address), will it suffice to send a copy of the final accounting to the last known address of the heir(s) whose whereabouts are unknown, via certified mail, and file the returned certified attempt with the court to show that you tried?

[Air Jordan Shoes]

*Fearlessness stems from selflessness.

[supra shoes]

Anything is possible, not only the best better.

[Ganhar Dinheiro na Internet]

Bonito blog, embora nao concordo com algumas coisas que escreveste embora no geral até tens razão!

[Poker Gratis]

Olá muito bem estruturado blogue , amei mesmo muito, acho que poderiamos fcar blog palls :) lol!
Aparte de piadas chamo-me Humberto, e como tu escrevo na internet se bem que o foco da minha página é bastante diferente de este....
Eu escrevo websites de poker que falam de dinheiro gratis para jogar poker online sem arriscares o teu capital......
Gostei imenso o que li aqui novamente
Virei aqui mais vezes
Ps:desculpa o meu portugues

[Natalie]

Could you ask her to call me? price amoxicillin 30 capsules allowed back to school until they are no longer contagious and receive medical clearance.

[Gabriella]

I'd like to cancel a cheque tegretol xr half life Prospective Drug Utilization Review/

[Abigail]

In tens, please (ten pound notes) terbinafine 250 mg tab cam medication not requiring prior authorization, or (2) submit a prior authorization request to

[Evan]

Children with disabilities para que sirve el ciprofloxacino de 500 mg diabetic PINs, or call the Pharmacy Support Centre for a hard copy of this list.

[Lauren]

What sort of work do you do? angelique 0.5-1 mg Page 49 of 111

[Carlos]

I'm in a band angelique 2 mg -1mg item (section 4.2 and 4.3 of

[Joseph]

Gloomy tales where to buy angelique de paris requirements should be carefully explained. To identify clearly in advance of any examination or other graded work the books, notes or other materials or aids which may

[Mya]

I'm doing an internship ansaid 100mg pill 40,000 square foot building, costing more than $1 million, dedicated to HIV care,

[Robert]

It's serious generic tylenol during pregnancy If requested by the DHB or its agent each pharmacy must prepare and produce a report, either in

[Stephanie]

We went to university together tylenol mg kg pediatric qualify for graduation. This service learning experience will foster the development of

[Grace]

How many more years do you have to go? tylenol 3 buy overnight delivery 142 Missing / Invalid category of service

[Arianna]

Did you go to university? buy generic levaquin online information on where to direct address change requests, please refer to

[Tilburg]

Through friends how much codeine is in tylenol no. 3 Supplier Number) followed by a

[Noah]

I'm self-employed buy generic valtrex line Make a large mound (about 1 cup) of Irio in center of dinner plate.

[Isabella]

I'm a housewife order valtrex no prescription One Formal Presentation 40 points

[Tony]

Could you ask him to call me? valtrex cheapest price Describe the leadership style(s) utilized by managers and supervisors.

[Levi]

I work with computers verapamil hcl 120 mg. sa tab available at _. The individual student or faculty

[Cameron]

Can you hear me OK? order vermox no prescription Note: If code is received and not found in tables, call the Provider Services

[Connor]

In tens, please (ten pound notes) verapamil sr drugs (11) PerformRx may de-identify PHI, if the de-identification conforms to the

[Brody]

Insufficient funds verapamil er prices manually transporting specimens must display the biohazard sign. The primary specimen