Louisiana Statutes
§ 9:2013 — Settlor as default principal beneficiary
Louisiana·Title 9 Civil Code-Ancillaries
If the trust instrument fails effectively to designate a principal beneficiary at the time when the principal beneficiary is to be determined, the settlor shall be the principal beneficiary, and upon his death his interest shall vest in his heirs or legatees. Likewise, if at any time no provisional principal beneficiary is identifiable under the terms of the trust instrument, the settlor shall be the provisional principal beneficiary.
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Related
Cockerham v. Cockerham
201 So. 3d 253 (Louisiana Court of Appeal, 2013)
Legislative History
Acts 1988, No. 589, §1.
Nearby Sections
15
§ 9:2001
§ 9:2001§ 9:2002
Restraint upon alienation§ 9:2003
Form§ 9:2006
Exemption from seizure§ 9:2007
Use of words "spendthrift trust"§ 9:201
§ 9:201§ 9:2011
§ 9:2011§ 9:2014
Number of settlors allowed§ 9:2021
§ 9:2021