SECURITIES: Creates a task force to study the use of payable-on-death and transfer-on-death accounts and to report its findings and any recommendations for revisions to applicable Louisiana laws to the legislature.

This bill establishes a temporary task force to study payable-on-death and transfer-on-death financial accounts in Louisiana and recommend any necessary legal changes. The group will examine specific issues such as how these accounts interact with inheritance laws, creditor claims, and protections for banks, while also considering the rights of spouses and heirs. Composed of private attorneys, industry representatives, and legal institute members, the task force must meet starting in October 2026 and submit its final report by March 2027. The bill aims to reduce current legal uncertainties surrounding these accounts by proposing clear statutory revisions based on the committee's findings.