Indiana Code 32-17-14-20. Beneficiary required to survive the owner
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Sec. 20. An individual who is a beneficiary of a transfer on death transfer is not entitled to a transfer unless the individual:
(2) survives the owner by the time, if any, required by the terms of the beneficiary designation.
(1) survives the owner; and
Terms Used In Indiana Code 32-17-14-20
- 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
As added by P.L.143-2009, SEC.41.