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Indiana Code Title 30. Trusts and Fiduciaries § 30-4-10-40

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 40. An exercise of the decanting power must be made in a record signed by an authorized fiduciary.  The signed record must:

(1) directly or indirectly reference the notice required by section 35 of this chapter;

(2) identify the first trust and the second trust;

(3) identify and state the property of the first trust being distributed to each second trust;  and

(4) identify the property that remains in the first trust.

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Cite this article: FindLaw.com - Indiana Code Title 30. Trusts and Fiduciaries § 30-4-10-40 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-30-trusts-and-fiduciaries/in-code-sect-30-4-10-40/

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