Ldr Form R 3318 PDF Details

The Ldr R 3318 form, officially designated as a mandatory document by the Louisiana Department of Revenue, serves a crucial role in the administration of inheritance and estate transfer taxes within the state. This comprehensive form, labeled for the Taxpayer Services Division, caters to various filing needs including original, amended, and partial returns. Aimed at streamlining the process for the transfer and taxation of an estate upon an individual's death, it applies to both residents and nonresidents holding property within Louisiana. Notably, this form encapsulates extensive details such as the decedent's personal information, property inventory with respective values, deductions, and preliminary distribution calculations including usufruct assignments. Furthermore, it meticulously outlines the determination of Louisiana Inheritance Tax in accordance with specific relationship classifications and tax rates, thereby guiding the executors or administrators through a step-by-step computation of tax liabilities. This document is also crucial for calculating any possible Louisiana estate transfer tax and ensuring appropriate tax credits are applied, making it an indispensable tool for legal practitioners handling estate matters in Louisiana.

QuestionAnswer
Form NameLdr Form R 3318
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names2Value, Testate, Nonresident, 1992

Form Preview Example

R-3318 (2/04)

 

Louisiana Department of Revenue

 

Mark one.

 

 

Taxpayer Services Division

 

 

 

 

Original return

 

Form IETT-100

 

 

 

 

 

 

 

 

P. O. Box 201

 

 

 

 

Amended return

 

 

 

Baton Rouge, LA 70821-0201

 

 

/ /

 

 

 

 

 

(225) 219-0067

 

 

 

 

 

 

 

Date of original

 

 

 

 

Inheritance and Estate Transfer Tax Return

 

 

 

 

Partial return

 

Estate/Succession of

 

 

 

 

Decedent died

 

 

 

For office use only.

Succession

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Testate

 

 

Auditor # ______________

 

 

 

 

 

 

 

Intestate

 

 

Keyed ________________

 

Address of decedent at time of death (Number and street, city, state, ZIP)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resident

 

 

Receipt number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonresident

 

 

 

 

 

 

Name

Date of death

Decedent’s Social Security Number

Parish of decedent’s domicile or nonresident’s property

Mail Date

 

Date Acknowledged _______________________

 

 

 

 

 

 

 

 

 

 

 

 

/ /

 

 

Date Accepted

__________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attorney’s name

 

Attorney's mailing address (Box, number and street, city, state, ZIP)

 

Telephone

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please read the attached instructions carefully before completing this return.

Schedule I – Recapitulation of Detailed Descriptive List or Inventory

 

 

 

 

 

Line

 

Column 1–Value of decedent’s

Column 2–Value of decedent’s

 

separate property

1/2 community property

 

 

 

 

 

 

 

 

 

1

Real estate (Louisiana property only)

 

$

 

2

 

 

 

 

Stocks and bonds

 

 

 

3

 

 

 

Assets

Mortgages, notes, and cash

 

 

4

 

 

 

Insurance

 

 

 

 

 

 

5

 

 

 

 

Other miscellaneous property

 

 

 

6

 

 

 

 

Transfers during last year of decedent’s life (Attach schedule.)

 

 

 

7

 

 

 

 

Annuities

 

 

 

 

 

 

 

 

8

Total separate and community assets (Add Lines 1-7 in Columns 1 and 2.)

$

$

 

 

 

 

 

Deductions

9

Funeral expenses

 

 

10

 

 

 

Administrative expenses and attorney fees

 

 

 

 

 

 

11

 

 

 

 

Debts of decedent (Attach itemized list.)

 

 

 

12

 

 

 

 

Mortgages and liens

 

 

 

 

 

 

 

 

13

Total deductions (Add Lines 9-12 in Columns 1 and 2.)

$

$

 

 

 

 

 

 

14

Net estate (Subtract Line 13 from Line 8.)

$

$

 

 

 

 

 

 

 

Schedule II – Preliminary Distribution and Calculation of Usufruct

 

 

 

 

 

 

 

15

Special bequest by testament

$

$

 

 

 

16Portion inherited by spouse

17Portion, if any, subject to usufruct

18Value of usufruct (Use Table 1, Column 4.) Usufructuary age ___________

19

 

Net estate less legal usufruct (Subtract Line 18 from Line 14.)

$

$

 

 

 

 

 

 

 

 

 

 

 

 

20

 

Net estate to be distributed under Schedule III (Add Columns 1 and 2 on Line 19.)

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule III – Determination of Louisiana Inheritance Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name, address, and Social Security

 

Relationship

Value of

Less

Taxable

Tax

Amount

 

 

Number of heirs or legatees

 

(if any)

inheritance

exemption

value

rate %

of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

$

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last

First

Middle

Total net estate for inheritance tax purposes (Same as Line 20, Schedule II)

$

Total inheritance tax $

(Forward to Line 4, Schedule IV.)

Total due or refund due $

(From Line 6, Schedule V)

1401

R-3318 (2/04)

Schedule IV – Tax Reduction and Determination of Louisiana Estate Transfer Tax

1

Total state death tax credit allowable (Per U.S. Federal Estate Tax Return Form 706)

$

 

 

 

2

Ratio of assets attributable to Louisiana (Louisiana gross estate to federal gross estate, per federal return)

 

 

 

 

3

State death tax credit attributable to Louisiana (Multiply Line 1 by Line 2.)

 

 

 

 

4

Basic inheritance tax (From Schedule III)

 

 

 

 

5

Tax reduction under Act 818 of 1997 (See instructions.)

%

 

 

 

6

Inheritance tax reduction (Multiply Line 4 by Line 5.)

 

 

 

 

7

Inheritance tax due (Subtract Line 6 from Line 4.)

 

 

 

 

8

Louisiana estate transfer tax (Subtract Line 7 from Line 3; if less than zero, enter zero.)

$

 

 

 

 

Schedule V – Summary of Inheritance Tax, Estate Transfer Tax, and Interest Due

1

Inheritance tax due (From Line 7, Schedule IV)

$

2Estate transfer tax (From Line 8, Schedule IV)

3Interest due on inheritance and estate transfer taxes (See instructions.)

4Total amount due (Add Lines 1 through 3.)

5Previous remittance

6 Balance due or refund requested (Subtract Line 5 from Line 4.)

$

Executors and Administrators (including Ancillary Executors and Administrators)

Name

Designation and Social Security Number

Address (Number and street, city, state, ZIP)

Name

Designation and Social Security Number

Address (Number and street, city, state, ZIP)

Declaration

Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. If the return is prepared by persons other than the taxpayer, their declaration is based on all the information relating to the matters required to be reported in the return of which they have knowledge.

Date

Signature of attorney

Address (Number and street, city, state, ZIP)

Telephone

Date

Signature of preparer (if other than attorney)

Address (Number and street, city, state, ZIP)

Telephone

Date

Signature of Executor/Administrator

Telephone

Table I - American Experience Mortality Table (Louisiana Revised Statute 47:2405)

 

Life

PV of Naked

PV of Life

Age

Life

PV of Naked

PV of Life

 

Life

PV of Naked

PV of Life

Age

Expectancy

Ownership

Usufruct

Expectancy

Ownership

Usufruct

Age

Expectancy

Ownership

Usufruct

20

42.20

.085548

.914452

46

23.81

.249794

.750206

72

7.55

.644352

.355648

21

41.53

.089967

.910033

47

23.08

.260612

.739388

73

7.11

.660916

.339084

22

40.85

.092544

.907456

48

22.36

.271850

.728150

74

6.68

.677826

.322174

23

40.10

.096672

.903328

49

21.63

.283666

.716334

75

6.27

.694187

.305813

24

39.49

.100197

.899803

50

20.91

.295743

.704257

76

5.88

.710037

.289963

25

38.81

.104231

.895769

51

20.20

.308275

.691725

77

5.49

.726532

.273468

26

38.12

.108497

.891503

52

19.49

.321346

.678654

78

5.11

.742605

.257395

27

37.43

.112975

.887025

53

18.79

.334678

.665322

79

4.74

.758915

.241085

28

36.73

.117669

.882331

54

18.09

.348559

.651441

80

4.39

.774608

.225392

29

36.03

.122533

.877467

55

17.40

.362956

.637044

81

4.05

.789852

.210148

30

35.33

.127675

.872325

56

16.73

.377380

.622620

82

3.71

.805876

.194124

31

34.63

.132994

.867006

57

16.05

.392532

.607468

83

3.39

.821084

.178916

32

33.93

.138491

.861509

58

15.39

.408054

.591946

84

3.06

.835817

.164183

33

33.21

.144448

.855552

59

14.74

.423774

.576226

85

2.77

.851206

.148794

34

32.50

.150571

.849429

60

14.10

.439797

.560203

86

2.47

.866319

.133681

35

31.78

.157003

.842997

61

13.47

.456366

.543634

87

2.18

.880928

.119072

36

31.07

.163604

.836396

62

12.86

.472777

.527223

88

1.91

.894442

.105558

37

30.35

.170661

.829339

63

12.26

.489655

.510345

89

1.66

.908152

.091848

38

29.62

.178080

.821920

64

11.67

.506809

.493191

90

1.42

.920968

.079032

39

28.90

.185664

.814336

65

11.10

.523806

.476194

91

1.19

.933250

.066750

40

28.18

.193637

.806363

66

10.54

.541327

.458673

92

0.98

.944528

.055472

41

27.45

.202086

.797914

67

10.00

.558395

.441605

93

0.80

.954717

.045283

42

26.22

.217073

.782927

68

9.47

.576152

.423848

94

0.64

.963773

.036227

43

26.00

.219810

.780190

69

8.97

.592963

.407037

95

0.50

.971698

.028302

44

25.27

.229438

.770562

70

8.48

.610365

.389635

 

 

 

 

45

24.54

.239430

.760570

71

8.00

.627412

.372588

 

 

 

 

 

Table II - Exemption and Tax Rates

 

 

 

 

 

 

Classification of heirs or legatees

Exemption

Rate of tax

 

Deaths in calendar year:

 

 

1983 and prior years - $5,000 each

 

Direct descendants by blood or

1984 - $10,000 each

See instructions on tax rate.

1985 - $15,000 each

 

affinity, ascendant, or surviving

2% of the actual value on the first

1986 - $20,000 each

spouse of decedent

$20,000 taxable, plus 3% of the actual

1987 and thereafter - $25,000 each

 

value in excess of $20,000

 

1992 and thereafter - surviving

 

 

 

spouse totally exempt

 

Collateral relations (including brothers

 

5% of the actual value on the first

$1,000 each

$20,000 taxable, plus 7% of the actual

or sisters by affinity)

 

value in excess of $20,000

 

 

Strangers or nonrelated persons

 

5% of the actual value on the first

$500 each

$5,000 taxable, plus 10% of the actual

 

value in excess of $5,000

 

 

Charitable, religious, or

Totally exempt

 

educational organizations

 

 

 

 

 

 

1402

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