Indiana Code 30-2-14-2. “Beneficiary” defined
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Sec. 2. As used in this chapter, “beneficiary” includes, in the case of:
(2) a trust, an income beneficiary, and a remainder beneficiary.
(1) a decedent‘s estate, an heir, and a devisee; and
Terms Used In Indiana Code 30-2-14-2
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- beneficiary: includes , in the case of:
Indiana Code 30-2-14-2
- Decedent: A deceased person.
- income: means money or property that a fiduciary receives as current return from a principal asset. See Indiana Code 30-2-14-4
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
As added by P.L.84-2002, SEC.2.