What Is A Usufruct

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Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! • https://www.myadvocate.com/join/paul • -- • A usufruct is, according to law, a right of limited duration on the property of another, • We see usufruct often in . When a married couple acquires community property in their name, and one spouse dies without a last will, the surviving spouse, pursuant to intestate law, inherits the usufruct of the deceased spouse's half of the community property. The surviving spouse's intestate usufruct last until the surviving spouse either dies or remarries.When the usufruct terminates, the heirs (or, naked owners) of the first spouse to die become owners. • The rights and obligations of the usufructuary vary depending on whether the usufructuary owns the usufruct of consumable things (like money), or of nonconsumable things (like land, houses, shares of stock, vehicles, and furniture. • For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8 • This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship. • • Paul Rabalais • Estate Planning Attorney • • www.RabalaisEstatePlanning.com • Phone: (225) 329-2450

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