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Terms Used In Louisiana Revised Statutes 9:2221

  • 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
  • Trustee: A person or institution holding and administering property in trust.

A beneficiary of a trust may institute an action:

(1)  To compel a trustee to perform his duties as trustee;

(2)  To enjoin a trustee from committing a breach of trust;

(3)  To compel a trustee to redress a breach of trust;

(4)  To remove a trustee.