Indiana Code 29-2-12-2. Heirs and beneficiaries; charitable or marital deduction or exemption
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Terms Used In Indiana Code 29-2-12-2
- Decedent: A deceased person.
- Gross estate: The total fair market value of all property and property interests, real and personal, tangible and intangible, of which a decedent had beneficial ownership at the time of death before subtractions for deductions, debts, administrative expenses, and casualty losses suffered during estate administration.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 2. Unless a decedent shall otherwise direct by will, the federal estate tax imposed upon decedent’s estate, shall be apportioned among all of the persons, heirs and beneficiaries of decedent’s estate who receive any property which is includable in the total gross estate of said decedent for the purpose of determining the amount of federal estate tax to be paid by said estate, Provided, That no part of the federal estate tax shall be apportioned against property which, in the absence of any apportionment whatsoever, whould qualify for any charitable, marital or other deduction or exemption, nor against recipients of such property on account thereof.
Formerly: Acts 1969, c.175, s.2.