Sec. 1. (a) As used in this chapter, "nonprobate transfer" means a valid transfer, effective at death, by a transferor: (1) whose last domicile was in Indiana; and (2) who immediately before death had the power, acting alone, to prevent transfer of the property by revocation or withdrawal and: (A) use the property for the benefit of the transferor; or (B) apply the property to discharge claims against the transferor's probate estate. (b) The term does not include a transfer at death (other than a transfer to or from the deceased transferor's probate estate) of: (1) a survivorship interest in a tenancy by the entireties real estate; (2) a life insurance policy or annuity; (3) the death proceeds of a life insurance policy or annuity; (4) an individual retirement account or a similar account or plan; or (5) benefits under an employee benefit plan. (c) With respect to a nonprobate transfer involving a multiple party account, a nonprobate transfer occurs if the last domicile of the depositor whose interest is transferred under IC 32-17-11 was in Indiana. (d) With respect to a motor vehicle or a watercraft, a nonprobate transfer occurs if the transferee obtains a certificate of title in Indiana under IC 9-17 . (e) A transfer on death transfer completed under IC 32-17-14 is a nonprobate transfer.
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