Indiana § 30-4-8-4 - Requirements
Full text of Indiana Indiana Code § 30-4-8-4 — Requirements, with citation guidance and answers to common questions.
§ 30-4-8-4. Requirements
Sec. 4. A legacy trust must do the following:
(1) Provide for the appointment of at least one (1) qualified trustee for the property that is the subject of a qualified disposition.
(2) Expressly incorporate Indiana law to govern the validity, construction, and administration of the trust.
(3) Be irrevocable.
(4) Provide that the interests of the transferor or beneficiary in the trust property or the income from the trust property may not voluntarily or involuntarily be transferred, assigned, pledged, or mortgaged before the qualified trustee actually distributes the property or income to the beneficiary.
As added by P.L.221-2019, SEC.9.
Frequently Asked Questions About Indiana § 30-4-8-4
What does Indiana Code § 30-4-8-4 cover?
Section 30-4-8-4 ("Requirements") 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 § 30-4-8-4?
A common citation format is "Indiana Code § 30-4-8-4" (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 § 30-4-8-4 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.