Indiana § 32-17-13-1 "Nonprobate transfer"; transfers involving multiple party accounts,
motor vehicles, and watercraft

Indiana Statutes

§ 32-17-13-1 — "Nonprobate transfer"; transfers involving multiple party accounts, motor vehicles, and watercraft

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 13 Liability of Nonprobate Transferees for Creditor Claims

(a)As used in this chapter, "nonprobate transfer" means a valid transfer, effective at death, by a transferor:

(1)whose last domicile was in Indiana; and

(2)who immediately before death had the power, acting alone, to prevent transfer of the property by revocation or withdrawal and:

(A)use the property for the benefit of the transferor; or

(B)apply the property to discharge claims against the transferor's probate estate.

(b)The term does not include a transfer at death (other than a transfer to or from the deceased transferor's probate estate) of:

(1)a survivorship interest in a tenancy by the entireties real estate;

(2)a life insurance policy or annuity;

(3)the death proceeds of a life insurance policy or annuity;

(4)an individual retirement account or a similar account or plan;

Free access — add to your briefcase to read the full text and ask questions with AI

(a) As used in this chapter, "nonprobate
transfer" means a valid transfer, effective at death, by a transferor:
(1) whose last domicile was in Indiana; and
(2) who immediately before death had the power, acting alone, to
prevent transfer of the property by revocation or withdrawal and:
(A) use the property for the benefit of the transferor; or
(B) apply the property to discharge claims against the
transferor's probate estate.
(b) The term does not include a transfer at death (other than a
transfer to or from the deceased transferor's probate estate) of:
(1) a survivorship interest in a tenancy by the entireties real
estate;
(2) a life insurance policy or annuity;
(3) the death proceeds of a life insurance policy or annuity;
(4) an individual retirement account or a similar account or plan;
or
(5) benefits under an employee benefit plan.
(c) With respect to a nonprobate transfer involving a multiple party
account, a nonprobate transfer occurs if the last domicile of the
depositor whose interest is transferred under IC 32-17-11 was in
Indiana.
(d) With respect to a motor vehicle or a watercraft, a nonprobate
transfer occurs if the transferee obtains a certificate of title in Indiana
under IC 9-17.
(e) A transfer on death transfer completed under IC 32-17-14 is a
nonprobate transfer.

Indiana § 32-17-13-1 ("Nonprobate transfer"; transfers involving multiple party accounts, motor vehicles, and watercraft) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.165-2002, SEC.11. Amended by P.L.143-2009, SEC.40; P.L.6-2010, SEC.22; P.L.36-2011, SEC.10; P.L.125-2012, SEC.408; P.L.198-2016, SEC.661; P.L.163-2018, SEC.15.