Property transfers of nonresident decedent
Sec. 3. The inheritance tax applies to a property interest transfer
made by a nonresident decedent if the interest transferred is in:
(1) real property located in this state, regardless of whether the
property is held in a trust or whether the trustee is required to
distribute the property in-kind, unless:
(A) the real property was transferred to an irrevocable trust
during the decedent's lifetime;
(B) the transfer to the trust was not made in contemplation
of the transferor's death, as determined under IC 6-4.1-2-4;
and
(C) the decedent does not have a retained interest in the
trust; or
(2) tangible personal property which has an actual situs in this
state.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1979,
P.L.75, SEC.2; P.L.78-1993, SEC.2.
Last modified: May 28, 2006