Louisiana Revised Statutes 9:1735 – Gratuitous and onerous trusts
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Terms Used In Louisiana Revised Statutes 9:1735
- 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 trust may be gratuitous or onerous. It may be gratuitous as to one beneficiary and onerous as to another.