32-17-14-32. Out-of-State Beneficiary Designations
Sec. 32. (a) Except for transfer on death deeds, a beneficiary designation that purports to have been made and is valid under: (1) the Uniform Probate Code as enacted by another state; (2) the Uniform TOD Security Registration Law as enacted by another state; or (3) a similar law of another state; is governed by […]
32-17-14-25. Rights of Surviving Spouses and Children
Sec. 25. (a) In accordance with IC 32-17-13, a transfer on death transfer may be subject to the payment of the surviving spouse and family allowances under IC 29-1-4-1. (b) A beneficiary designation designating the children of the owner or children of any other person as a class and not by name includes all children […]
32-17-14-26. General Rules Applying to a Beneficiary Designation
Sec. 26. (a) If an agreement between the owner and a transferring entity is required to carry out a transfer on death transfer as described in section 7 of this chapter, a transferring entity may not adopt rules for the making, execution, acceptance, and revocation of a beneficiary designation that are inconsistent with this chapter. […]
32-17-14-27. Powers and Duties of a Transferring Entity
Sec. 27. (a) An owner who makes arrangements for a transfer on death transfer under this chapter gives to the transferring entity the protections provided in this section for executing the owner’s beneficiary designation. (b) A transferring entity may execute a transfer on death transfer with or without a written request for execution. (c) A […]
32-17-14-12. Transfer on Death Transfers of Tangible Personal Property
Sec. 12. (a) A deed of gift, bill of sale, or other writing intended to transfer an interest in tangible personal property is effective on the death of the owner and transfers ownership to the designated transferee beneficiary if the document: (1) expressly creates ownership in beneficiary form; (2) is in other respects sufficient to […]
32-17-14-28. Effect of Improper Distributions
Sec. 28. (a) The protections provided to a transferring entity or to a purchaser or lender for value by this chapter do not affect the rights of beneficiaries or others involved in disputes that: (1) are with parties other than a transferring entity or purchaser or lender for value; and (2) concern the ownership of […]
32-17-14-13. Direct Transfer to a Transferee to Hold as Owner in Beneficiary Form
Sec. 13. (a) A transferor of property, with or without consideration, may execute a written instrument directly transferring the property to a transferee to hold as owner in beneficiary form. (b) A transferee under an instrument described in subsection (a) is considered the owner of the property for all purposes and has all the rights […]
32-17-14-29. Creditors of an Owner
Sec. 29. (a) This chapter does not limit the rights of an owner’s creditors against beneficiaries and other transferees that may be available under any other applicable Indiana law. (b) The liability of a beneficiary for creditor claims and statutory allowances is determined under IC 32-17-13. As added by P.L.143-2009, SEC.41.
32-17-14-14. Registration in Beneficiary Form
Sec. 14. (a) Property may be held or registered in beneficiary form by including in the name in which the property is held or registered a direction to transfer the property on the death of the owner to a beneficiary designated by the owner. (b) Property is registered in beneficiary form by showing on the […]
32-17-14-30. Change in the Beneficiary Designation, Residency of the Owner, or Location of the Transferring Entity or Property
Sec. 30. Except as otherwise provided by law, a transfer on death transfer and the obligation of a transferring entity to execute the transfer on death transfer that are subject to this chapter under section 2(b) of this chapter remain subject to this chapter notwithstanding a change in the: (1) beneficiary designation; (2) residency of […]