Senate Concurrent Resolution No. by Senator Abraham establishes a task force to study payable-on-death (POD) and transfer-on-death (TOD) accounts in Louisiana. The task force aims to evaluate the current legal framework surrounding these accounts, which have led to uncertainty and litigation due to their recent recognition in state law. The resolution outlines the need for a comprehensive review to ensure clarity, consistency, and potential revisions to existing laws. The task force is tasked with reporting its findings and legislative recommendations to the legislature and the David R. Poynter Legislative Research Library by March 1, 2027.

The task force will consist of members with expertise in tax, estate planning, and property law, including private attorneys, banking industry representatives, and members from the Louisiana State Law Institute. Key areas of study will include the interaction of TOD accounts with forced heirship laws, community property implications, nonprobate transfer treatment, beneficiary designation effects, and consumer protection considerations. The task force is expected to convene by October 1, 2026, and will operate without compensation, except for per diem or expense reimbursements. It will dissolve upon submitting its report or by the specified deadline in March 2027.