IC 32-17.5-2-1 "Beneficiary designation"
Sec. 1. "Beneficiary designation" means an instrument, other than
an instrument creating a trust, naming the beneficiary of:
(1) an annuity or insurance policy;
(2) an account with a designation for payment on death;
(3) a security registered in beneficiary form;
(4) a pension, profit sharing, retirement, or other employment
related benefit plan; or
(5) any other nonprobate transfer at death, except for property
held as joint tenants with rights of survivorship or as tenants by
the entireties. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-2 "Disclaimant"
Sec. 2. "Disclaimant" means the person to whom a disclaimed
interest or power would have passed had the disclaimer not been
made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-3 "Disclaimed interest"
Sec. 3. "Disclaimed interest" means the interest that would have
passed to the disclaimant had the disclaimer not been made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-4 "Disclaimer"
Sec. 4. "Disclaimer" means a refusal to accept an interest in or
power over property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-5 "Fiduciary"
Sec. 5. "Fiduciary" means:
(1) a personal representative, a trustee, or an agent acting under
a power of attorney; or
(2) a person authorized to act as a fiduciary with respect to the
property of another person. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-6 "Future interest"
Sec. 6. "Future interest" means an interest that, if it takes effect in
possession or enjoyment, takes effect later than the time of its
creation.
As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-7 "Jointly held property"
Sec. 7. "Jointly held property" means property held in the name
of at least two (2) persons under an arrangement in which:
(1) all holders have concurrent interests; and
(2) the last surviving holder is entitled to the whole of the
property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-8 "Person"
Sec. 8. "Person" means an individual, a corporation, a business
trust, an estate, a trust, a partnership, a limited liability company, an
association, a joint venture, a government, a governmental
subdivision, an agency, or instrumentality, a public corporation, or
any other legal or commercial entity. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-9 "State"
Sec. 9. "State" means a state of the United States, the District of
Columbia, Puerto Rico, the United States Virgin Islands, or any
territory or insular possession subject to the jurisdiction of the
United States. The term includes an Indian tribe or band or Alaskan
native village recognized by federal law or formally acknowledged
by a state. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-10 "Time of distribution"
Sec. 10. "Time of distribution" means the time when a disclaimed
interest would otherwise have taken effect in possession or
enjoyment. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-11 "Trust"
Sec. 11. "Trust" means:
(1) a charitable or noncharitable express trust and any additions
to the trust, regardless of when or how the trust is created; and
(2) a trust created under a statute, judgment, or decree which
requires the trust to be administered in the manner of an express
trust. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-1 "Beneficiary designation"
Sec. 1. "Beneficiary designation" means an instrument, other than
an instrument creating a trust, naming the beneficiary of:
(1) an annuity or insurance policy;
(2) an account with a designation for payment on death;
(3) a security registered in beneficiary form;
(4) a pension, profit sharing, retirement, or other employment
related benefit plan; or
(5) any other nonprobate transfer at death, except for property
held as joint tenants with rights of survivorship or as tenants by
the entireties. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-2 "Disclaimant"
Sec. 2. "Disclaimant" means the person to whom a disclaimed
interest or power would have passed had the disclaimer not been
made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-3 "Disclaimed interest"
Sec. 3. "Disclaimed interest" means the interest that would have
passed to the disclaimant had the disclaimer not been made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-4 "Disclaimer"
Sec. 4. "Disclaimer" means a refusal to accept an interest in or
power over property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-5 "Fiduciary"
Sec. 5. "Fiduciary" means:
(1) a personal representative, a trustee, or an agent acting under
a power of attorney; or
(2) a person authorized to act as a fiduciary with respect to the
property of another person. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-6 "Future interest"
Sec. 6. "Future interest" means an interest that, if it takes effect in
possession or enjoyment, takes effect later than the time of its
creation.
As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-7 "Jointly held property"
Sec. 7. "Jointly held property" means property held in the name
of at least two (2) persons under an arrangement in which:
(1) all holders have concurrent interests; and
(2) the last surviving holder is entitled to the whole of the
property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-8 "Person"
Sec. 8. "Person" means an individual, a corporation, a business
trust, an estate, a trust, a partnership, a limited liability company, an
association, a joint venture, a government, a governmental
subdivision, an agency, or instrumentality, a public corporation, or
any other legal or commercial entity. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-9 "State"
Sec. 9. "State" means a state of the United States, the District of
Columbia, Puerto Rico, the United States Virgin Islands, or any
territory or insular possession subject to the jurisdiction of the
United States. The term includes an Indian tribe or band or Alaskan
native village recognized by federal law or formally acknowledged
by a state. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-10 "Time of distribution"
Sec. 10. "Time of distribution" means the time when a disclaimed
interest would otherwise have taken effect in possession or
enjoyment. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-11 "Trust"
Sec. 11. "Trust" means:
(1) a charitable or noncharitable express trust and any additions
to the trust, regardless of when or how the trust is created; and
(2) a trust created under a statute, judgment, or decree which
requires the trust to be administered in the manner of an express
trust. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-1 "Beneficiary designation"
Sec. 1. "Beneficiary designation" means an instrument, other than
an instrument creating a trust, naming the beneficiary of:
(1) an annuity or insurance policy;
(2) an account with a designation for payment on death;
(3) a security registered in beneficiary form;
(4) a pension, profit sharing, retirement, or other employment
related benefit plan; or
(5) any other nonprobate transfer at death, except for property
held as joint tenants with rights of survivorship or as tenants by
the entireties. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-2 "Disclaimant"
Sec. 2. "Disclaimant" means the person to whom a disclaimed
interest or power would have passed had the disclaimer not been
made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-3 "Disclaimed interest"
Sec. 3. "Disclaimed interest" means the interest that would have
passed to the disclaimant had the disclaimer not been made. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-4 "Disclaimer"
Sec. 4. "Disclaimer" means a refusal to accept an interest in or
power over property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-5 "Fiduciary"
Sec. 5. "Fiduciary" means:
(1) a personal representative, a trustee, or an agent acting under
a power of attorney; or
(2) a person authorized to act as a fiduciary with respect to the
property of another person. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-6 "Future interest"
Sec. 6. "Future interest" means an interest that, if it takes effect in
possession or enjoyment, takes effect later than the time of its
creation.
As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-7 "Jointly held property"
Sec. 7. "Jointly held property" means property held in the name
of at least two (2) persons under an arrangement in which:
(1) all holders have concurrent interests; and
(2) the last surviving holder is entitled to the whole of the
property. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-8 "Person"
Sec. 8. "Person" means an individual, a corporation, a business
trust, an estate, a trust, a partnership, a limited liability company, an
association, a joint venture, a government, a governmental
subdivision, an agency, or instrumentality, a public corporation, or
any other legal or commercial entity. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-9 "State"
Sec. 9. "State" means a state of the United States, the District of
Columbia, Puerto Rico, the United States Virgin Islands, or any
territory or insular possession subject to the jurisdiction of the
United States. The term includes an Indian tribe or band or Alaskan
native village recognized by federal law or formally acknowledged
by a state. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-10 "Time of distribution"
Sec. 10. "Time of distribution" means the time when a disclaimed
interest would otherwise have taken effect in possession or
enjoyment. As added by P.L.5-2003, SEC.1.
IC 32-17.5-2-11 "Trust"
Sec. 11. "Trust" means:
(1) a charitable or noncharitable express trust and any additions
to the trust, regardless of when or how the trust is created; and
(2) a trust created under a statute, judgment, or decree which
requires the trust to be administered in the manner of an express
trust. As added by P.L.5-2003, SEC.1.
