Indiana Code 32-17-14-5. General rules concerning transfer on death transfers
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Sec. 5. A transfer on death transfer:
(2) is not considered testamentary;
(1) is effective with or without consideration;
Terms Used In Indiana Code 32-17-14-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) is not subject to the requirements for a will or for probating a will under IC 29-1; and
(4) may be subject to an agreement between the owner and a transferring entity to carry out the owner’s intent to transfer the property under this chapter.
As added by P.L.143-2009, SEC.41.