30-4-2.1-17. Limits on Creditors of Beneficiaries Who May Replace or Remove a Trustee or Who Are Also Trustees or Co-Trustees
Sec. 17. (a) A creditor may not reach, exercise, or otherwise acquire an interest of a beneficiary or any other person who holds an unconditional or conditional removal or replacement power over a trustee. A power described in this subsection is personal to a beneficiary or other person and may not be exercised by the […]
30-4-2.1-5. Mistaken Belief That Settlor’s Child Deceased
Sec. 5. (a) Except as provided in subsection (b), if, at the time of the making of the trust, the settlor: (1) believes a child of the settlor to be dead; and (2) fails to provide for the child in the settlor’s trust; the child is entitled to receive a share in the trust assets. […]
30-4-2.1-6. Void, Revoked, or Lapsed Devise
Sec. 6. If a devise of real or personal property, not included in the residuary clause of the trust: (1) is void; (2) is revoked; or (3) lapses; the devise becomes a part of the residue and passes to the residuary beneficiary. As added by P.L.4-2003, SEC.7.
30-4-2.1-7. Beneficiary Predeceases Settlor
Sec. 7. (a) As used in this section, “descendant” includes the following: (1) A child adopted before the child is twenty-one (21) years of age by: (A) the settlor; or (B) the settlor’s descendants. (2) A descendant of a child adopted as set forth in subdivision (1). (3) A child who is born of the […]
30-4-2.1-8. Kindred of the Half Blood
Sec. 8. Kindred of the half blood are entitled to receive the same trust interest that they would have received if they had been of the whole blood. As added by P.L.4-2003, SEC.7.
30-4-2.1-9. Applicability of Adultery and Abandonment Forfeiture Provisions
Sec. 9. A trust of a deceased spouse is subject to the following: (1) IC 29-1-2-14. (2) IC 29-1-2-15. As added by P.L.238-2005, SEC.28.
30-4-2.1-11. Written Statement or List Disposing of Tangible Personal Property
Sec. 11. (a) A written statement or list that: (1) complies with this section; and (2) is referred to in a settlor’s trust that was revocable during the settlor’s lifetime; may be used to dispose of items of tangible personal property, other than property used in a trade or business, not otherwise specifically disposed of […]
30-4-2.1-11.1. Trust Referencing Writing; Effect to Be Given to Writing
Sec. 11.1. Except as provided in section 11 of this chapter, if a trust refers to a writing of any kind, the referenced writing, whether subsequently amended or revoked, as it existed at the time of the execution of the trust, shall be given the same effect as if set forth at length in the […]
30-4-2.1-12. Order of Abatement; Other Rules Governing Abatement
Sec. 12. (a) If a trust is terminated or partially terminated and the available trust property is not sufficient to fully satisfy the interests of all beneficiaries, the interests must be abated in the following order: (1) The interests that would be characterized as residuary devises if the trust were a will. (2) The interests […]
30-4-2.1-13. Repealed
As added by P.L.6-2010, SEC.13. Repealed by P.L.149-2012, SEC.12.