Ind. Code ch. 30-4-7

in effect

Ind. Code § 30-4-7-1 Application of chapter

Sec. 1. This chapter applies to the compromise of a contest or controversy with respect to the following: (1) The construction, validity, or effect of a trust instrument. (2) The identity, rights, or interests of a beneficiary of a trust. (3) The administration of a trust. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-2 Binding effect of compromise

Sec. 2. A compromise executed under this chapter is binding on all parties to the compromise, including a party represented by a guardian or guardian ad litem. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-3 Rights of creditors or taxing authorities

Sec. 3. A compromise executed under this chapter does not impair the rights of creditors or taxing authorities that are not parties to the compromise. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-4 Appointment of guardian or guardian ad litem

Sec. 4. The court may appoint a guardian or a guardian ad litem to represent the following persons or interests in a compromise executed under this chapter if the persons or interests do not have a guardian or guardian ad litem: (1) A minor. (2) A person who is without legal capacity to personally act. (3) A person whose present existence or whereabouts cannot be ascertained. (4) A person who is not yet born or adopted. (5) An inalienable estate. (6) A future contingent interest. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-5 Law governing appointment of guardian or guardian ad litem

Sec. 5. IC 29-1-1-20 applies to the appointment of a guardian or guardian ad litem under section 4 of this chapter. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-6 Agreement of compromise

Sec. 6. The terms of a compromise executed under this chapter must be set forth in an agreement that is: (1) in writing; and (2) executed by all persons or the guardians or guardians ad litem appointed under section 4 of this chapter of all persons who: (A) have an interest in the trust; or (B) have a claim against the trust. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-7 Docket of documents

Sec. 7. After a compromise is executed, an interested person may submit the following documents to the court for the court's approval: (1) The agreement executed under section 6 of this chapter. (2) A copy of the trust instrument filed under IC 30-4-6. (3) Any other relevant documents. As added by P.L.200-1991, SEC.6. Amended by P.L.99-2024, SEC.16.

Ind. Code § 30-4-7-8 Notice and hearing on agreement

Sec. 8. After notice has been given in the manner directed by the court to: (1) all interested persons; (2) the guardians or guardians ad litem of interested persons; (3) the personal representative of an estate affected by the agreement; and (4) the trustee of a trust affected by the agreement; the court shall hold a hearing on the agreement. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-9 Court order

Sec. 9. If the court finds: (1) the contest or controversy is in good faith; and (2) the effect of the agreement on the interests of all the parties is just and reasonable; the court shall enter an order approving the agreement submitted under section 7 of this chapter and directing the trustee and the parties to the agreement to carry out the terms of the agreement. As added by P.L.200-1991, SEC.6.

Ind. Code § 30-4-7-10 Effect of entry of order

Sec. 10. If the court enters an order under section 9 of this chapter, all further disposition of the trust that is within the scope of the agreement shall be made under the terms of the agreement. As added by P.L.200-1991, SEC.6.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026