Louisiana 2022 2022 Regular Session

Louisiana House Bill HB172 Comm Sub / Analysis

                    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 172 Engrossed	2022 Regular Session	Gregory Miller
Abstract: Provides that the duties of a trustee are owed to the settlor while a trust is revocable.
Present law (R.S. 9:2061) provides that the duties of a trustee are determined from the provisions
of the trust instrument and by law.
Proposed law retains present law and provides that the duties of the trustee are owed exclusively to
the settlor while a trust is revocable, unless otherwise provided by the trust instrument.
(Amends R.S. 9:2061)