Sec. 4. (a) Except as provided in subsection (b) and section 5 of this chapter, when a settlor fails to provide in the settlor's trust for a child who is:
(1) born or adopted after the making of the settlor's trust; and
(2) born before or after the settlor's death;
the child is entitled to receive a share in the trust assets. The child's share of the trust assets shall be determined by ascertaining what the child's intestate share would have been under IC 29-1-2-1 if the settlor had died intestate. The child is entitled to receive a share of the trust assets equivalent in value to the intestacy share determined under IC 29-1-2-1.
(b) Subsection (a) does not apply to a child of the settlor if:
(1) it appears from the trust that the settlor intentionally failed to provide in the settlor's trust for the child; or
(2) the settlor:
(A) had at least one (1) child known to the settlor to be living when the trust was executed; and
(B) devised substantially all of the settlor's trust assets to the settlor's surviving spouse.
As added by P.L.4-2003, SEC.7. Amended by P.L.231-2019, SEC.23.
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