Louisiana Revised Statutes 9:1735 – Gratuitous and onerous trusts
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 9:1735
- 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 trust may be gratuitous or onerous. It may be gratuitous as to one beneficiary and onerous as to another.