Terms Used In Indiana Code 29-1-19-1

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Department: refers to the United States Department of Veterans Affairs. See Indiana Code 29-1-19-1
• Estate: means income on hand and assets acquired partially or wholly with "income". See Indiana Code 29-1-19-1
• Fiduciary: A trustee, executor, or administrator.
• Income: means money received from the Department and revenue or profit from any property wholly or partially acquired therewith. See Indiana Code 29-1-19-1
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means an individual, a partnership, a limited liability company, a corporation, or an association. See Indiana Code 29-1-19-1
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Protected person: means a beneficiary of the department. See Indiana Code 29-1-19-1
• Secretary: refers to the secretary of the department. See Indiana Code 29-1-19-1
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5