Sec. 4. Unless otherwise provided by the trust instrument, interest of beneficiaries in all trusts incurring liabilities under this chapter shall abate as necessary to satisfy the liability as if all of the trust instruments were a single trust. As added by P.L.165-2002, SEC.11. Amended by P.L.101-2008, SEC.11.
Beneficiary interests in trusts
Ind. Code § 32-17-13-4, under Liability of Nonprobate Transferees for Creditor Claims and Statutory Allowances.
Ind. Code § 32-17-13-4