LA HB455

Disqualifies beneficiaries, assignees, or payees from receiving proceeds from certificates of deposit, mutual funds, IRAs, pension plans, or other financial instruments if they are found criminally responsible for or participated in the intentional, unjustified killing of the account holder

Applies to financial instruments payable upon the death, disablement, or injury of the account holder, plan participant, or depositor

Requires either a final court judgment of criminal responsibility or a judicial determination of participation in the intentional killing for disqualification to apply

Redirects proceeds to the secondary or contingent beneficiary when the primary beneficiary is disqualified, unless that secondary beneficiary is also disqualified

Transfers proceeds to the deceased account holder's estate if no eligible secondary or contingent beneficiary exists