Sec. 24. (a) A beneficiary designation or a revocation of a beneficiary designation that is procured by fraud, duress, undue influence, or mistake or because the owner lacked capacity is void.

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Terms Used In Indiana Code 32-17-14-24

  • 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
  • Fraud: Intentional deception resulting in injury to another.
     (b) A beneficiary designation made under this chapter is subject to IC 29-1-2-12.1.

As added by P.L.143-2009, SEC.41.

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