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Legislative Update

Rule against perpetuities

March 28, 2024 Filed Under: Probate

H.E.A. 1209, P.L. 61

Effective: July 1, 2024

Adds provisions regarding a second power of appointment. Extends the period of time for which certain nonvested property interests are valid from 90 years to 360 years after the interest is created. Extends the period of time for which certain powers of appointment are valid under specified conditions from 90 years to 360 years.

Read the bill at: https://iga.in.gov/legislative/2024/bills/house/1209

Filed Under: Probate Tagged With: property, trusts, wills

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