The House Judiciary Committee heard SB 66 sponsored by Rep. Torr and authored by Sens. Young, Freeman, and Randolph on solvent supervised estates. The bill provides that property must be transferred within 90 days after an estate is closed. Testimony was presented in favor of the bill by the Indiana State Bar Association. The bill passed 9-0. Read the bill at … [Read more...] about Solvent supervised estates
Probate
Small estates
The House Judiciary Committee heard SB 67 sponsored by Rep. J. Young and authored by Sen. Lanane and Sen. Young on small estates. The bill increases the value of estates that may be distributed via affidavit from $50,000 to $100,000 and increases the threshold for summary procedures for unsupervised estates from $50,000 to $100,000. Testimony was presented in favor of the bill by … [Read more...] about Small estates
Probate code study commission
The House Judiciary Committee heard SB 193 sponsored by Rep. J. Young and authored by Sen. Freeman and Sen. Sandlin on the probate code study commission. The bill provides that the Chief Justice of the Indiana Supreme Court, or the Chief Justice's designee, is a nonvoting member of the probate code study commission and that eight affirmative votes are required for the commission to … [Read more...] about Probate code study commission
Uniform trust decanting act and trustee duties
The Senate Judiciary Committee heard HB 1205 concerning uniform trust decanting and trustee duties sponsored by Sen. Freeman and Sen. Koch. Rep J. Young, author, presented the bill which repeals current statutes on decanting and replaces them with provisions from the Uniform Act which are modified to align with other provisions in Indiana Code, and amends provisions regarding … [Read more...] about Uniform trust decanting act and trustee duties
Various probate and trust matters
The Senate Judiciary Committee heard HB 1208 concerning various probate and trust matters sponsored by Sen. Freeman and Sen. Koch. Rep J. Young, author, presented the bill. The bill makes technical corrections to the law on health care advance directives, amends several provisions related to notices to be more consistent with the Rules of Trial Procedure, resolves inconsistencies i … [Read more...] about Various probate and trust matters