Liability of trustee for lack of knowledge of event affecting administration or distribution of trust

Ind. Code § 30-4-3-6.5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 6.5. If the happening of an event, including: (1) marriage; (2) divorce; (3) performance of educational requirements; or (4) death; affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge. As added by P.L.238-2005, SEC.33.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements