Insufficiency of estate to pay claims and statutory allowances;
liability of nonprobate transferee
Sec. 2. (a) Except as otherwise provided by statute, a transferee
of a nonprobate transfer is subject to liability to a decedent's probate
estate for:
(1) allowed claims against the decedent's probate estate; and
(2) statutory allowances to the decedent's spouse and children;
to the extent the decedent's probate estate is insufficient to satisfy
those claims and allowances.
(b) The liability of the nonprobate transferee may not exceed the
value of nonprobate transfers received or controlled by the
nonprobate transferee.
(c) The liability of the nonprobate transferee does not include the
net contributions of the nonprobate transferee.
As added by P.L.165-2002, SEC.11.
Last modified: May 24, 2006