Attachment and termination of lien; persons liable for inheritance
tax
Sec. 1. The inheritance tax imposed as a result of a decedent's
death is a lien on the property transferred by the decedent. Except as
otherwise provided in IC 6-4.1-6-6(b), the inheritance tax accrues
and the lien attaches at the time of the decedent's death. The lien
terminates when the inheritance tax is paid, when IC 6-4.1-4-0.5
provides for the termination of the lien, or five (5) years after the
date of the decedent's death, whichever occurs first. In addition to the
lien, the transferee of the property and any personal representative or
trustee who has possession of or control over the property are
personally liable for the inheritance tax.
As added by Acts 1976, P.L.18, SEC.1. Amended by P.L.252-2001,
SEC.5.
Last modified: May 28, 2006