The bill amends and reenacts several articles of the Louisiana Code of Civil Procedure concerning trusts for minors and individuals with disabilities. It allows a tutor to apply for court authorization to place a minor's property in trust, specifically for beneficiaries who are disabled as defined under federal law. The trust must name the minor as the sole beneficiary and impose maximum spendthrift restraints, with provisions for the trust to last for the beneficiary's lifetime. Additionally, the trust can be terminated at the option of the beneficiary upon reaching the age of majority or by heirs if the minor does not reach majority.

Furthermore, the bill outlines the management of trusts for interdicts, allowing curators to place the interdict's property in trust under similar conditions. It specifies that trusts qualified under certain federal laws are subject to termination at the option of the interdict or their heirs upon death. The bill also clarifies that funds awarded to unemancipated minors in the custody of the Department of Children and Family Services cannot be placed in trust if the amount is less than fifty thousand dollars. Overall, the bill aims to enhance the management and protection of trusts for vulnerable populations while ensuring compliance with federal regulations.