Revocable or amendable gifts; election; authorized persons
Sec. 11. (a) An individual may elect to make a gift under section
2(a) of this chapter revocable or amendable only by the following:
(1) The individual.
(2) A guardian appointed for the individual under IC 29-3 if the
individual becomes incapacitated.
(b) If an individual makes an election under this section, the gift
made by the individual under section 2(a) of this chapter may be
revoked or amended only by one (1) of the following:
(1) The individual.
(2) A guardian appointed for the individual under IC 29-3 if the
individual becomes incapacitated.
(c) An election under this section may be made by one (1) of the
following methods:
(1) Making a statement that incorporates this section by:
(A) reference; or
(B) language that is substantially similar to subsection (a);
in a will or other document that makes a gift under section 2(a)
of this chapter.
(2) Indicating an election under this section on a form that
makes a gift under section 2(a) of this chapter.
As added by P.L.104-1991, SEC.10.
Last modified: May 27, 2006