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Louisiana inventory or detailed descriptive list

The record of what an interdict or a minor owns when a curator or tutor is appointed.

By Fidura staff. Last reviewed .

Who files
A curator, or anyone applying to be a tutor
La. C.C.P. art. 4563 (opens in a new tab), art. 4101 (opens in a new tab)
When it’s due
An ordered inventory begins within 10 days of the order
La. C.C.P. art. 4101(B) (opens in a new tab)
Where
The district court that appointed you, through the parish clerk of court
A notary’s inventory goes back to the court as soon as it is signed.
The form
No statewide form
The law sets what it must show. La. C.C.P. art. 3133 (opens in a new tab)

The bond starts from the movables it shows, plus what the court adds, and the court can lower it. You qualify by furnishing the bond and taking the oath. art. 4131 (opens in a new tab), art. 4562 (opens in a new tab)

What it asks for

There are two ways to make it. A notary takes an inventory, with appraisers. The court appoints a notary in each parish where property sits. Or you swear to a detailed descriptive list yourself.

In an interdiction, the list is allowed unless the court orders an inventory. art. 4563(B) (opens in a new tab) In a tutorship, the court orders one or the other. A small tutorship, $50,000 or less in Louisiana property, may use the list. arts. 4461–4462 (opens in a new tab)

The notary’s inventory (procès verbal)
PartWhat goes there
Who took itThe notary, witnesses, appraisers and anyone else who attended
When and whereThe dates and places it was taken, and how
Each itemA description and the fair market value the appraisers set
Debts owed to the estateEach title or note, the amount, and the debtor’s name and address
Others’ propertyAnything owned or claimed by someone else, such as items on loan or deposit
RecapitulationThe total of movables, the total of immovables, and the grand total

The descriptive list is shorter. It gives each item’s fair market value, and for a tutor its location too. You sign it under oath.

Common mistakes

Qualifying late

You qualify by furnishing security and taking the oath. A curator who has not qualified within 10 days of appointment, or the time the court sets, may be replaced. art. 4562 (opens in a new tab)

Items with no value

Every item needs its fair market value, on the list as on the inventory. art. 4563(B) (opens in a new tab)

Movables and immovables in one total

Total them apart. The bond follows the movables alone. art. 3133(7) (opens in a new tab)

Whole account numbers

Leave off the first five digits of any account number or Social Security number. La. C.C.P. art. 253(B)(2) (opens in a new tab)

Leaving out what is owed or borrowed

List debts owed to the estate with each debtor’s address. List property that others own or claim, so it is not counted as the ward’s. art. 3133(5)–(6) (opens in a new tab)

Your first account

Your first annual account starts from the property you held at the beginning of its period. The law sets no layout. Our example carries each item at its list value, so a sale shows its gain or loss against it.

Sources

Also for Louisiana: Curator’s Annual Account

We make Fidura, guardianship accounting software built on a reconciled register for each ward. See the product

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