The Senate Judiciary Committee heard SB 18 authored by Sen. Liz Brown on various probate matters. This bill: The bill was amended by consent to provide: The Indiana State Bar Association Probate, Trust, and Real Property Section testified in support of the bill. The amended bill passed 11-0. Read the bill at https://iga.in.gov/legislative/2024/bills/senate/18 … [Read more...] about Various probate matters
trusts
Various probate and trust matters
S.E.A. 287, P.L. 38 Effective: July 1, 2023 The introduced version of this bill was prepared by the Probate Code Study Commission. … [Read more...] about Various probate and trust matters
Uniform trust decanting act and trustee duties
H.E.A. 1205, P.L. 161 Effective: July 1, 2022 Allows a trustee of an irrevocable trust to appoint a successor trustee or multiple trustees. Provides that a trustee's power to appoint a successor trustee includes the power to allocate trustee powers to one or more trustees.Enacts the uniform trust decanting act.Creates a definition of the decanting power to include a power by a … [Read more...] about Uniform trust decanting act and trustee duties
Various probate and trust matters
H.E.A. 1208, P.L. 162 Effective: July 1, 2022 In one instance in the law on health care advance directives, changes the word "testator" to "declarant".Amends several provisions relating to the filing of notices to make those provisions consistent with Rules of Trial Procedure 86 and 87 concerning electronic filing.Resolves inconsistencies in two sections of the chapter on … [Read more...] about Various probate and trust matters
Uniform trust decanting act and trustee duties
The Senate Judiciary Committee heard HB 1205 concerning uniform trust decanting and trustee duties sponsored by Sen. Freeman and Sen. Koch. Rep J. Young, author, presented the bill which repeals current statutes on decanting and replaces them with provisions from the Uniform Act which are modified to align with other provisions in Indiana Code, and amends provisions regarding … [Read more...] about Uniform trust decanting act and trustee duties