Louisiana Revised Statutes 9:1982 – Acceptance of interest in inter vivos trust by creditor; effect
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Terms Used In Louisiana Revised Statutes 9:1982
- 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
- Inter vivos: Transfer of property from one living person to another living person.
If a beneficiary of a gratuitous inter vivos trust refuses his interest, his creditor cannot accept it in his stead.