Indiana § 30-4-10-55 - Decanting power of a settlor of a first trust; settlor intent of second trust
Full text of Indiana Indiana Code § 30-4-10-55 — Decanting power of a settlor of a first trust; settlor intent of second trust, with citation guidance and answers to common questions.
§ 30-4-10-55. Decanting power of a settlor of a first trust; settlor intent of second trust
Sec. 55. (a) For purposes of law of this state other than this chapter and subject to subsection (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.
(b) In determining settlor intent with respect to a second trust, a settlor of the first trust, a settlor of the second trust, and the authorized fiduciary may be considered.
As added by P.L.161-2022, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 30-4-10-55
What does Indiana Code § 30-4-10-55 cover?
Section 30-4-10-55 ("Decanting power of a settlor of a first trust; settlor intent of second trust") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 30-4-10-55?
A common citation format is "Indiana Code § 30-4-10-55" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 30-4-10-55 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.