Indiana Code Title 30. Trusts and Fiduciaries § 30-2-15-18

(1) Any residential property or tangible personal property that, as of the first business day of the current valuation year, at least one (1) income beneficiary of the trust has or had the right to:

other than in a capacity as trustee.  However, the right of occupancy or the right to possession or control shall be considered to be the unitrust amount with respect to the residential property or the tangible personal property.

(2) Any asset specifically given to a beneficiary under the terms of the trust and the return on that investment.  The return on the investment shall be distributable to the beneficiary.

(3) Any assets that are held in a testator's estate.