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 […]
32-17-14-15. Beneficiary’s Rights Before the Death of the Owner; Effect of the Death of a Joint Owner
Sec. 15. (a) Before the death of the owner, a beneficiary has no rights in the property because of the beneficiary designation. The signature or agreement of the beneficiary is not required for any transaction relating to property transferred under this chapter. If a lienholder takes action to enforce a lien, by foreclosure or otherwise […]
32-17-14-31. Duties of the Probate Court
Sec. 31. (a) The probate court shall hear and determine questions and issue appropriate orders concerning the determination of the beneficiary who is entitled to receive a transfer on death transfer and the proper share of each beneficiary. (b) The probate court shall hear and determine questions and issue appropriate orders concerning any action to: […]
32-17-14-16. Changing or Revoking a Beneficiary Designation
Sec. 16. (a) A beneficiary designation may be revoked or changed during the lifetime of the owner. (b) A revocation or change of a beneficiary designation involving property owned as tenants by the entirety must be made with the agreement of both tenants for so long as both tenants are alive. After an individual dies […]
32-17-14-17. Powers of an Attorney in Fact, a Guardian, a Conservator, or an Agent
Sec. 17. (a) An attorney in fact, guardian, conservator, or other agent acting on the behalf of the owner of property may make, revoke, or change a beneficiary designation if: (1) the action complies with the terms of this chapter and any other applicable law; and (2) the action is not expressly forbidden by the […]
32-17-14-18. Lost, Destroyed, Damaged, or Involuntarily Converted Property Subject to a Beneficiary Designation
Sec. 18. If property subject to a beneficiary designation is lost, destroyed, damaged, or involuntarily converted during the owner’s lifetime, the beneficiary succeeds to any right with respect to the loss, destruction, damage, or involuntary conversion that the owner would have had if the owner had survived. However, the beneficiary has no interest in any […]
32-17-14-19. Effect of Conveyances, Assignments, Contracts, Set Offs, Licenses, Easements, Liens, and Security Interests
Sec. 19. (a) A beneficiary of a transfer on death transfer takes the owner’s interest in the property at the death of the owner subject to all conveyances, assignments, contracts, set offs, licenses, easements, liens, and security interests made by the owner or to which the owner was subject during the owner’s lifetime. (b) A […]