Property Ownership
In Louisiana, a property held in a 'revocable trust' (living trust) for estate planning purposes has the owner as trustee during their lifetime. When used for real estate, the trust:
AMust register as a real estate entity with the LREC
BAllows the property to pass to beneficiaries at the owner's death without going through the succession process, providing privacy and avoiding court proceedings✓ Correct
CMakes the property exempt from all property taxes
DRequires annual registration with the parish assessor
Explanation
A revocable living trust holds property during the owner's lifetime and passes it to designated beneficiaries at death without the need for succession (probate) proceedings — providing efficiency, privacy, and continuity in property management.
Related Louisiana Property Ownership Questions
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