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Ind. Code § 12-15-9-0.5

"Estate" and "nonprobate transfer"

Applied in 1 court decision — leading case State Ex Rel. Family & Social Services Administration v. Estate of Roy (2012)

Most recently applied in State Ex Rel. Family & Social Services Administration v. Estate of Roy (February 2012)

As added by P.L.152-1995, SEC.5

Sec. 0.5. (a) As used in this chapter, "estate" includes:

(1) all real and personal property and other assets included within an individual's probate estate;

(2) any interest in real property owned by the individual at the time of death that was conveyed to the individual's survivor through joint tenancy with right of survivorship, if the joint tenancy was created after June 30, 2002;

(3) any real or personal property conveyed through a nonprobate transfer; and

(4) any sum due after June 30, 2005, to a person after the death of a Medicaid recipient that is under the terms of an annuity contract purchased after May 1, 2005, with the assets of the Medicaid recipient.

(b) As used in this chapter, "nonprobate transfer" has the meaning set forth in IC 32-17-13-1.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.