Indiana Code 30-4-10-12. “Decanting power”
Current as of: 2023 | Check for updates
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Sec. 12. As used in this chapter, “decanting power” means the power of an authorized fiduciary under this chapter to:
(2) to modify the terms of the first trust.
(1) distribute property of a first trust to one (1) or more second trusts; or
Terms Used In Indiana Code 30-4-10-12
- Fiduciary: A trustee, executor, or administrator.
- first trust: means a trust over which an authorized fiduciary may exercise the decanting power. See Indiana Code 30-4-10-15
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.161-2022, SEC.3.