Louisiana Revised Statutes 9:1853 – Marital portion in usufruct
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Terms Used In Louisiana Revised Statutes 9:1853
- 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 usufruct in trust, or an unconditional income interest in trust, without an interest in principal, payable not less than annually for a term or for the life of the beneficiary satisfies the marital portion to the same extent as would a usufruct not in trust on the same property for the same term.
Added by Acts 1977, No. 67, §1.