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 beneficiary's option upon reaching the age of majority or by heirs if the minor does not reach majority.

Furthermore, the bill modifies the provisions regarding payments to minors resulting from judgments or settlements, allowing for the establishment of trusts that comply with federal law for disabled beneficiaries. It also addresses the management of an interdict's affairs, permitting a curator to place the interdict's property in trust under similar conditions. The trust can be terminated at the interdict's option upon the termination of the interdiction or by heirs if the interdict dies during the period of interdiction. Overall, the bill aims to enhance the legal framework for managing trusts for vulnerable populations while ensuring compliance with federal regulations.