Louisiana Revised Statutes 9:2042 – Effect of reservation of right to revoke
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 9:2042
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A reservation by the settlor of the right to revoke includes the right to revoke the interest of any beneficiary, unless otherwise limited by the trust instrument.