Louisiana Revised Statutes 9:1931 – General rule
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Terms Used In Louisiana Revised Statutes 9:1931
- Inter vivos: Transfer of property from one living person to another living person.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Trustee: A person or institution holding and administering property in trust.
A settlor or any other person may make additions of property to an existing trust by donation inter vivos or mortis causa, with the approval of the trustee. The right to make additions may be restricted or denied by the trust instrument.