Indiana Code 32-17-14-2.5. Applicability
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Sec. 2.5. This chapter does not apply to property, money, or benefits paid or transferred at death under:
(2) an individual retirement account; or
(1) an employee benefit plan governed by the Employees Retirement Income Security Act of 1974;
Terms Used In Indiana Code 32-17-14-2.5
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) a similar account or plan intended to qualify for a tax exemption or deferral under the Internal Revenue Code;
unless the provisions of this chapter are incorporated into the governing instrument or beneficiary designation in whole or in part by express reference.
As added by P.L.36-2011, SEC.11.