RDCSB269 2991 4095
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DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Peacock SB No. 269
Present law provides that a court under certain conditions may authorize a curator, in the
name and on behalf of the interdict, to make donations inter vivos from the surplus funds or
other surplus property of the interdict, in a value of not more than $10,000 annually to each
of certain direct descendants of the interdict.
Proposed law provides that the maximum annual donation value shall be the greater of
$14,000 or the maximum amount that may be excluded from federal gift taxation pursuant
to 26 U.S.C. 2503(b).
Present law provides that a court under certain conditions may authorize a curator in the
name and on behalf of an interdict who has no direct descendants and no spouse, to make
donations inter vivos of money from surplus funds of the interdict to each of the brothers and
sisters of the interdict and to each of the direct descendants of the brothers and sisters of the
interdict, or to trusts in which they are the only principal and income beneficiaries, provided
that there is no known testamentary disposition to the contrary.
Proposed law retains present law.
Present law further provides that annual donations per donee shall not exceed $10,000.
Proposed law provides that annual donations per donee shall not exceed the greater of
$14,000 or the maximum amount that may be excluded from federal gift taxation pursuant
to 26 U.S.C. 2503(b).
Effective August 1, 2014.
(Amends R.S. 9:1022 (intro. para.) and 1024(A))
Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Civil Law and Procedure
to the engrossed bill.
1. Made technical changes.