Indiana § 30-4-10-55 Decanting power of a settlor of a first trust; settlor intent of second trust

Indiana Statutes

§ 30-4-10-55 — Decanting power of a settlor of a first trust; settlor intent of second trust

Indiana·Art. 4 TRUST CODE·Ch. 10 Uniform Trust Decanting Act

(a)For purposes of law of this state other than this chapter and subject to subsection (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.

(b)In determining settlor intent with respect to a second trust, a settlor of the first trust, a settlor of the second trust, and the authorized fiduciary may be considered.

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(a) For purposes of law of this state other
than this chapter and subject to subsection (b), a settlor of a first trust
is deemed to be the settlor of the second trust with respect to the
portion of the principal of the first trust subject to the exercise of the
decanting power.
(b) In determining settlor intent with respect to a second trust, a
settlor of the first trust, a settlor of the second trust, and the authorized
fiduciary may be considered.

Indiana § 30-4-10-55 (Decanting power of a settlor of a first trust; settlor intent of second trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.