Louisiana Revised Statutes 9:1983 – Acceptance of interest in testamentary trust by creditor; effect
Current as of: 2023 | Check for updates
|
Other versions
Need help with a review of a will? Chat with an attorney and protect your rights.
Terms Used In Louisiana Revised Statutes 9:1983
- 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
If a beneficiary of a testamentary trust refuses his interest to the prejudice of his creditors’ rights, the creditors may accept in his stead to the extent that their rights have been prejudiced.