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Legislative Update

Solvent supervised estates

March 25, 2022 Filed Under: Probate

S.E.A. 66, P.L. 150

Effective: July 1, 2022

  • Sets forth procedures for the distribution of assets in a solvent supervised estate after a final distribution has been entered in certain circumstances.
  • Allows a distributee to distribute assets described in the decree of final distribution by filing an affidavit with the court.
  • Provides that undistributed real property may be distributed after the estate is closed by recording certain information with the county recorder of the county in which the real property is situated.
  • Allows a personal representative to complete distribution and delivery of all undistributed estate assets to continue for a period of 90 days after a court enters an order of discharge under certain circumstances.

Read the bill at http://iga.in.gov/legislative/2022/bills/senate/66

Filed Under: Probate Tagged With: estates

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