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Terms Used In Indiana Code 34-30-2.1-481

  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • Trustee: A person or institution holding and administering property in trust.
   Sec. 481. IC 30-4-3-1.3 (Concerning a successor trustee of a revocable trust for acts or omissions of the prior trustee who was also a settlor).

As added by P.L.105-2022, SEC.12.