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Testamentary trust

Trusts – Testamentary trust

August 3, 2018 By Louisiana Notary Leave a Comment

Trusts – Testamentary trust

§1751. Form of testamentary trust. A testamentary trust may be created only in one of the forms prescribed by the laws regulating donations mortis causa.

§1755. Acceptance by trustee. The trustee may accept the trust in the trust instrument or in a separate instrument.

§1824. Consequence of trustee’s failure to accept. If the trustee was not a party to the trust instrument, he must accept the trust in writing within a reasonable time after its creation, or the proper court shall appoint a trustee.

§1788. Resignation of trustee. A trustee may resign at any time by giving written notice of resignation to each of the beneficiaries or by mailing written notice to each at his last known address. The trust instrument may provide another method of resignation and notice.

Filed Under: Trusts Tagged With: Testamentary trust

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