Louisiana Revised Statutes 9:1984 – Rights of beneficiary who refuses interest in testamentary trust
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Terms Used In Louisiana Revised Statutes 9:1984
- 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 beneficiary who refuses his interest in a testamentary trust cannot take the interest in the property free of the trust.