Indiana § 30-2-10-3 Validity of trust; requirements

Indiana Statutes

§ 30-2-10-3 — Validity of trust; requirements

Indiana § 30-2-10-3

Art. 2GENERAL PROVISIONS

Ch. 10Funeral Trust Funds

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Bluebook

Ind. Code § 30-2-10-3 (2026).

Text

A funeral trust established under this chapter is valid only if it:

(1)is irrevocable;

(2)has only one (1) settlor;

(3)names as trustee an Indiana institution qualified under section 2 of this chapter, and requires that all funds be deposited in that institution;

(4)names a funeral home, licensed under IC 25-15, as sole beneficiary; and

(5)is accompanied by a written contract between settlor and beneficiary as provided in section 5 of this chapter. As added by Acts 1982, P.L.179, SEC.2. Amended by P.L.246-1985, SEC.23.

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A funeral trust established under this chapter
is valid only if it:
(1) is irrevocable;
(2) has only one (1) settlor;
(3) names as trustee an Indiana institution qualified under section
2 of this chapter, and requires that all funds be deposited in that
institution;
(4) names a funeral home, licensed under IC 25-15, as sole
beneficiary; and
(5) is accompanied by a written contract between settlor and
beneficiary as provided in section 5 of this chapter.
As added by Acts 1982, P.L.179, SEC.2. Amended by
P.L.246-1985, SEC.23.