Indiana § 30-4-2-16 Election by surviving spouse to take share against settlor's will;
distribution of remainder

Indiana Statutes

§ 30-4-2-16 — Election by surviving spouse to take share against settlor's will; distribution of remainder

Indiana·Art. 4 TRUST CODE·Ch. 2 Rules Governing the Creation of Trusts

(a)This section applies to:

(1)property in a trust that is subject to a spouse's right of election under IC 29-1-3; and

(2)a trust that receives property from the settlor's estate; if the settlor's spouse files an effective election to take a share of the settlor's estate against the settlor's will under IC 29-1-3.

(b)The trustee shall dispose of the assets received from the settlor's estate and the portion of the trust remaining after the spouse's election as if the settlor's spouse had died before the settlor died.

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(a) This section applies to:
(1) property in a trust that is subject to a spouse's right of election
under IC 29-1-3; and
(2) a trust that receives property from the settlor's estate;
if the settlor's spouse files an effective election to take a share of the
settlor's estate against the settlor's will under IC 29-1-3.
(b) The trustee shall dispose of the assets received from the settlor's
estate and the portion of the trust remaining after the spouse's election
as if the settlor's spouse had died before the settlor died.

Indiana § 30-4-2-16 (Election by surviving spouse to take share against settlor's will; distribution of remainder) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.