Election by surviving spouse to take share against settlor's will;
distribution of remainder
Sec. 16. (a) This section applies to:
(1) property in a trust that is subject to a spouse's right of
election under IC 29-1-3; and
(2) a trust that receives property from the settlor's estate;
if the settlor's spouse files an effective election to take a share of the
settlor's estate against the settlor's will under IC 29-1-3.
(b) The trustee shall dispose of the assets received from the
settlor's estate and the portion of the trust remaining after the
spouse's election as if the settlor's spouse had died before the settlor
died.
As added by P.L.200-1991, SEC.4.
Last modified: May 27, 2006