Louisiana SCR19 urges the Louisiana State Law Institute to study extended trust durations and report recommendations for revisions to the Louisiana.
Louisiana SCR19 requests the Louisiana State Law Institute to study the use of trusts with extended durations. The study aims to assess current industry practices and the flexibility of the Louisiana Trust Code to meet complex estate planning needs. It also considers potential policy implications, such as the long-term concentration of wealth and the impact on Louisiana's civil law tradition. The Institute is asked to report its findings and recommendations to the legislature by March 1, 2027.
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