Indiana Code

Ind. Code § 30-2-14-2 (2026)

"Beneficiary" defined

✓ current as of May 2026
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     Sec. 2. As used in this chapter, "beneficiary" includes, in the case of:

(1) a decedent's estate, an heir, and a devisee; and

(2) a trust, an income beneficiary, and a remainder beneficiary.

As added by P.L.84-2002, SEC.2.

 

Notes of Decisions
Cited in 8 cases, 2004–2019 · leading case: Hays v. Harmon, 809 N.E.2d 460 (Ind. Ct. App. 2004).
Hays v. Harmon, 809 N.E.2d 460 (Ind. Ct. App. 2004). · cites it 2× “"A trust beneficiary is the person named, or a member of the class designated, in the terms of the trust for whose benefit the title to the trust property is held and for whom the trust is to be administered.”
Huff v. Huff, 892 N.E.2d 1241 (Ind. Ct. App. 2008). · cites it 2× “Code § 30-4-1-2(3) (citing Ind.Code § 30-2-14-2); Lewis, 837 N.E.2d at 1018 n.”
Marshall & Ilsley Trust Co., N.A. v. Woodward, 848 N.E.2d 1175 (Ind. Ct. App. 2006). · cites it 2× “” Ind. Code § 30-2-14-2 (2). An income beneficiary means “a person to whom net income of a trust is or may be payable.”
Lewis v. Clifton, 837 N.E.2d 1016 (Ind. Ct. App. 2005). · cites it 2× “Code § 30-4-1-2(3) (citing Ind.Code § 30-2-14-2). Another term for "remainder beneficiary" is "remain-derman," which is defined by the Trust Code as "a beneficiary entitled to principal, including income which has been accumulated and added to the principal.”
Stephanie A. Schrage v. In the Matter of the Seberger Living Trust u/t/d April 27, 2009, 52 N.E.3d 45 (Ind. Ct. App. 2016). · cites it 4× “” Ind. Code § 30-2-14-2 (2). An income beneficiary means “a person to whom net income of a trust is or may be payable.”
Sarah Marie Exo & Amy Elizabeth Gould v. The Margaret A. Exo Revocable Living Trust, Timothy DonLevy, as Tr. & Beneficiary of the Margaret A. Exo Revocable Living Trust (mem. dec.) (Ind. Ct. App. 2019). · cites it 2× “” Ind. Code § 30-2-14-2 . Indiana Code Section 30-4-3-6(b)(8)(B) provides that, upon a trust becoming irrevocable, and upon the written request of an “an income beneficiary or remainderman,” the trustee has a duty to “promptly provide a copy of the complete trust instrument.”
Cheryl Barron Doll v. Steven E. Post, Tr., & Indiana Attorney Gen. (Ind. Ct. App. 2019). · cites it 2× “” See Ind. Code §§ 30-2-14-2 , 30-4-1-2(3); 28 ILE Trusts § 15 (1999).”
Indiana Dep't of State Revenue, Inheritance Tax Div. v. Est. of Boehle, 932 N.E.2d 260 (Ind. T.C. 2010). “§ 30-2-14-2(2) (West 2006). An "income beneficiary" is "a person to whom net income of a trust is or may be payable.”
— Ind. Code § 30-2-14-2(2) — 1 case
Indiana Dep't of State Revenue, Inheritance Tax Div. v. Est. of Boehle, 932 N.E.2d 260 (Ind. T.C. 2010). “§ 30-2-14-2(2) (West 2006). An "income beneficiary" is "a person to whom net income of a trust is or may be payable.”
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