Louisiana Civil Code 1507 – Reduction of legacies before donations inter vivos, order of reduction
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Terms Used In Louisiana Civil Code 1507
- Legacy: A gift of property made by will.
- Testator: A male person who leaves a will at death.
Donations inter vivos may not be reduced until the value of all the property comprised in donations mortis causa is exhausted. The testator may expressly declare in the testament that a legacy shall be paid in preference to others, in which case the preferred legacy shall not be reduced until the other legacies are exhausted.
Acts 1996, 1st Ex. Sess., No. 77, §1.