Priority of liability to probate estate
Sec. 3. Nonprobate transferees are liable for the insufficiency
described in section 2 of this chapter in the following order:
(1) As provided in the decedent's will or other governing
instrument.
(2) To the extent of the value of the nonprobate transfer
received or controlled by the trustee of trusts that can be
amended, modified, or revoked by the decedent during the
decedent's lifetime. If there is more than one (1) such trust, in
proportion to the relative value of the trusts.
(3) Other nonprobate transferees in proportion to the values
received.
As added by P.L.165-2002, SEC.11.
Last modified: May 24, 2006