Guardianship property; possession by guardian; transfer of
property interest; process against property
Sec. 5. (a) A guardian shall take possession of the guardianship
property, title to which shall remain in the protected person subject
to the right of the guardian to possess and dispose of the property as
provided by law.
(b) The interest of the protected person in guardianship property
is not transferable or assignable by the protected person. An
attempted transfer or assignment by the protected person, though
ineffective to affect property rights, may generate a claim under
IC 29-3-10.
(c) The property referred to in subsections (a) through (b) is not
subject to levy, garnishment, or similar process other than an order
issued in a proceeding on a claim under IC 29-3-10.
As added by P.L.169-1988, SEC.1.
Last modified: May 27, 2006