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)]
HB 417 Engrossed 2019 Regular Session Hill
Abstract: Sets a minimum value for a judgment or settlement to be placed in trust for a minor in
the custody of the Dept. of Children and Family Services (DCFS.).
Present law provides that for any funds owed to a minor from a settlement or judgment, monies may
be paid directly into the registry of the court, invested in an interest-bearing investment approved by
the court, placed in trust, paid under a structured settlement, or paid in any combination thereof.
Present law further provides that for monies owed to a minor in the custody of the DCFS, the court
may only place the funds in trust in accordance with the Trust Code and a present law provision for
the placement of a minor's property in trust by a tutor.
Proposed law limits the amount that can be placed in trust for a minor in custody of the DCFS to no
less than $50,000 and removes the requirement that the court place the funds in trust in accordance
with the present law provision for the placement of minor's property in trust by a tutor.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends C.C.P. Art. 4521(A)(3) and (B); Repeals C.C.P. Art. 4521(C))