Louisiana § 47:186 Revocable trusts

Louisiana Statutes

§ 47:186 — Revocable trusts

Louisiana § 47:186

Title 47Revenue and Taxation

This text of Louisiana § 47:186 (Revocable trusts) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 47:186 (2026).

Text

Where at any time during the taxable year the power to revest in the grantor title to any part of the corpus of the trust is vested either:

(1)In the grantor, either alone or in conjunction with any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom, or

(2)In any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom, then the income of such part of the trust for such taxable year shall be included in computing the net income of the grantor.

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Where at any time during the taxable year the power to revest in the grantor title to any part of the corpus of the trust is vested either:
(1) In the grantor, either alone or in conjunction with any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom, or
(2) In any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom, then the income of such part of the trust for such taxable year shall be included in computing the net income of the grantor.