In the Matter of Walz

STATON, Judge.

As trustee for the inter vivos trust of John Walz, Hoosier State Bank petitioned the probate court for instruction. 1 One issue presented to the probate court was whether Michael — a child adopted by John Walz after his execution of the trust— was a beneficiary under the following provisions:

“The balance of the income may be accumulated by the trustee or in its discretion may be distributed among the de scendants of the Grantor, per stirpes. Upon the death of Lorraine I Walz, the remainder of the trust property shall be divided and distributed among the children of the Grantor,…