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 the option for the trust to last for the beneficiary's lifetime. Additionally, the bill stipulates that trusts, except for certain qualified trusts, can be terminated at the option of the beneficiary upon reaching the age of majority or by their heirs if they do not reach majority.

Furthermore, the bill outlines provisions for payments to minors resulting from judgments or settlements, allowing these funds to be placed in trust under similar conditions. It also addresses the management of property for individuals under interdiction, permitting curators to place the interdict's property in trust with specific termination conditions. The amendments emphasize the importance of maintaining eligibility for government benefits while ensuring that trusts are structured to protect the interests of minors and individuals with disabilities.