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 427 Original 2025 Regular Session Bamburg
Abstract: Establishes a reversionary trust.
Proposed law defines "reversionary medical trust".
Proposed law requires the use of a reversionary medical trust for the payment of future medical and
related expenses.
Proposed law requires that the liable party establish the trust and the claimant shall submit
original invoices, which the trustee shall review for payment. The trustee shall also prepare
vouchers or warrants and evaluate and settle claims related to the payment of future medical
care and related benefits. The trustee shall have the same fiduciary duties as imposed upon
a trustee by the La. Trust Code.
Proposed law provides that upon the death of the claimant or upon the termination of the trust as
provided in the trust instrument, any funds remaining in the reversionary trust shall
revert to the party that established the trust.
Proposed law does not limit a claimant's ability to contract with respect to attorney fees and
costs.
(Adds R.S. 13:4212)