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Bill Title: Legacy trust. Provides that a protective provision in a legacy trust prevents a creditor of the settlor from satisfying a claim from the settlor's interest in the trust estate when the settlor is also a beneficiary of the trust. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust. Bars most claims against a legacy trust. Permits claims against a legacy trust for certain fraudulent transfers, to enforce certain child support orders, and to enforce certain orders for the division of property with respect to a dissolution of marriage or a legal separation. Provides immunity to

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-02-19 - Third reading: defeated; Roll Call 185: yeas 18, nays 31 [SB0056 Detail]

Download: Indiana-2015-SB0056-Amended.pdf

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