§ 30-5-5-7.5 — Transfer on death transfers

Indiana § 30-5-5-7.5

• Jurisdiction: Indiana
• Art. 5: POWERS OF ATTORNEY
• Ch. 5: Powers

Text

5. (a) Language conferring general authority
with respect to transfer on death or payable on death transfers means
the principal authorizes the attorney in fact to do the following:
(1) Establish one (1) or more transfer on death transfers or
payable on death transfers.
(2) Designate, amend, remove, modify, or change any designation
of beneficiary in a transfer on death transfer or payable on death
transfer, including those created by the principal before or after
the execution of the power of attorney.
(3) Terminate any transfer on death transfer or payable on death
transfer.
(4) Add to or withdraw from any transfer on death transfer or
payable on death transfer.
(5) Exercise any right or authority that the principal may have in
a transfer on death transfer or payable on death transfer during the
principal's lifetime.
(b) The powers described in this section are equally exercisable with
respect to transfer on death transfers and payable on death transfers that
are established or operated in Indiana or another jurisdiction.
(c) A power of attorney that is executed before July 1, 2009, and
that confers general authority with respect to all other matters under
section 19 of this chapter also confers general authority with respect to
transfer on death transfers and payable on death transfers as described
in this section.

Legislative History

As added by P.L.143-2009, SEC.29.