Louisiana Revised Statutes 9:1763 – Who may be settlor of inter vivos trust
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Terms Used In Louisiana Revised Statutes 9:1763
- Contract: A legal written agreement that becomes binding when signed.
- 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
A person having capacity to contract by onerous title may be a settlor of an onerous inter vivos trust. A person having capacity to contract by gratuitous title may be a settlor of a gratuitous inter vivos trust.