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 person's creditors. A court may not direct a person to exercise the power.
(b) A creditor may not:
(1) reach an interest of a beneficiary who is also a trustee or co-trustee; or
(2) otherwise compel a distribution to a beneficiary who is also a trustee or co-trustee.
(c) A court may not foreclose against an interest held by a beneficiary described in subsection (b).
As added by P.L.6-2010, SEC.17.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 2.1. Rules for Interpretation of Trusts
30-4-2.1-3. No Contest Provision Enforceable; Exceptions
30-4-2.1-4. Children Born After Trust's Creation
30-4-2.1-5. Mistaken Belief That Settlor's Child Deceased
30-4-2.1-6. Void, Revoked, or Lapsed Devise
30-4-2.1-7. Beneficiary Predeceases Settlor
30-4-2.1-8. Kindred of the Half Blood
30-4-2.1-9. Applicability of Adultery and Abandonment Forfeiture Provisions
30-4-2.1-11. Written Statement or List Disposing of Tangible Personal Property
30-4-2.1-11.1. Trust Referencing Writing; Effect to Be Given to Writing
30-4-2.1-12. Order of Abatement; Other Rules Governing Abatement
30-4-2.1-14. Rules of Interpretation Concerning Discretionary Interests
30-4-2.1-14.5. "Discretionary Interest"; Rules of Construction
30-4-2.1-15. Rules of Interpretation Concerning a Beneficiary's Influence Over a Trust
30-4-2.1-16. Rules of Interpretation Concerning a Trustee's Independence From the Settlor