Establishes a task force to study payable-on-death and transfer-on-death accounts in Louisiana and recommend revisions to state laws.
The bill establishes a task force to study the use of payable-on-death and transfer-on-death accounts in Louisiana. The task force will evaluate the need for revisions to applicable state laws, focusing on issues such as the interaction with existing laws, consumer implications, and the rights of creditors. The task force will include members with expertise in tax and estate planning, banking and securities, and Louisiana law. It will submit its findings and recommendations to the legislature by March 1, 2027.
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