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Are you a naked owner in your Louisiana home?
In Louisiana, we have some funny laws. The ones related to naked homeownership after death can get pretty complicated. It can become pretty complicated knowing who owns the home after someone dies, especially here in Louisiana. Paul Rabalais helps me explain the meaning of naked owners in Louisiana and how these are the owners of the property are subject to the usufructuary’s rights. He will also cover the meaning of “usufruct”. the naked owners will become full owners at the end of the usufruct’s term or upon the death of the usufructuary family member. The naked owners are to receive the property or its replacement value at the termination of the usufruct. The naked homeowner cannot interfere with the lawful exercise of a usufructuary’s use and enjoyment of the property. After reading that you can see why it’s confusing for many people inheriting property after a death in the family member. This video covers questions like “Can the children kick a parent out their own home?” “Do you have to have a living trust?” and “Who owns the home after the death of a loved one.”
For More Videos About Louisiana Estate Laws and Planning Visit Pauls Rabalais YouTube Channel ➡️ https://www.youtube.com/channel/UCkYr…
For Paul’s Book For Estate Planning ➡️ https://amzn.to/2Ir49cy
?If you’d like some more tips on buying your next home check out my buying a home playlist here. https://bit.ly/2sw5Pu1
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Kristina Smallhorn – Your Real Estate Whisperer ExP Realty llc. [email protected], [email protected] eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 225-246-1812,Office (225) 412-9982 ext# 149 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918
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