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Bill

SCR 19

TRUSTS: Requests the Louisiana State Law Institute to study the use of trusts with extended durations and report its findings and any recommendations for revisions to the Louisiana Trust Code and applicable Louisiana laws to the legislature.

2026 Regular Session Introduced by Greg Miller

Louisiana State Law Institute to study extended-duration trusts and recommend Louisiana Trust Code revisions to strengthen wealth transfer tools.

Signed by the Speaker of the House.
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Bill Summary · SCR 19

Legislative bill overview

SCR 19 is a resolution requesting that the Louisiana State Law Institute conduct a comprehensive study of trusts with extended durations under Louisiana law. The study would examine current provisions in the Louisiana Trust Code and related statutes, then provide recommendations for potential legislative revisions based on findings.

Why is this important

Trust duration rules significantly affect estate planning, wealth transfer, and property rights across generations. Louisiana's approach to perpetual trusts and dynasty trusts influences how families can structure long-term wealth preservation and may impact state tax revenue, probate practices, and the state's competitive position relative to other states with favorable trust laws.

Potential points of contention

  • Economic implications: States with extended-duration trust laws attract trust administration business and fees; however, some argue perpetual trusts reduce state inheritance tax revenue and concentrate wealth across generations
  • Property law philosophy: Tension between common law principles limiting dead-hand control (Rule Against Perpetuities) versus modern flexibility allowing families to manage trusts across many generations
  • Beneficiary interests: Questions about whether extended trusts adequately protect creditors' rights, spouses in divorces, and current beneficiaries versus settlor intent for distant heirs

Compiled from official sources — confirm details with the bill’s official record.

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