Sec. 4. Unless otherwise provided by the trust instrument, interest of beneficiaries in all trusts incurring liabilities under this chapter shall abate as necessary to satisfy the liability as if all of the trust instruments were a single trust.
As added by P.L.165-2002, SEC.11. Amended by P.L.101-2008, SEC.11.
Structure Indiana Code
Article 17. Interests in Property
Chapter 13. Liability of Nonprobate Transferees for Creditor Claims and Statutory Allowances
32-17-13-2. "Claimant"; "Nonprobate Transferee"; Liability of Nonprobate Transferee
32-17-13-3. Priority of Liability to Probate Estate
32-17-13-4. Beneficiary Interests in Trusts
32-17-13-5. Apportionment of Liability by Instrument
32-17-13-6. Enforcement Proceedings; Jurisdiction
32-17-13-8. Deadline for Commencement of Proceedings
32-17-13-10. Recovery of Value of Nonprobate Transfer From Nonprobate Transferee; Intervention