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