S.E.A. 193, P.L. 154 Effective: July 1, 2022 Provides that the chief justice of the supreme court, or the chief justice's designee, is a nonvoting member of the probate code study commission (commission). Provides that eight affirmative votes are required for the commission to take final action. Read the bill at: http://iga.in.gov/legislative/2022/bills/senate/193 … [Read more...] about Probate Code Study Commission
Probate
Uniform trust decanting act and trustee duties
H.E.A. 1205, P.L. 161 Effective: July 1, 2022 Allows a trustee of an irrevocable trust to appoint a successor trustee or multiple trustees. Provides that a trustee's power to appoint a successor trustee includes the power to allocate trustee powers to one or more trustees.Enacts the uniform trust decanting act.Creates a definition of the decanting power to include a power by a … [Read more...] about Uniform trust decanting act and trustee duties
Various probate and trust matters
H.E.A. 1208, P.L. 162 Effective: July 1, 2022 In one instance in the law on health care advance directives, changes the word "testator" to "declarant".Amends several provisions relating to the filing of notices to make those provisions consistent with Rules of Trial Procedure 86 and 87 concerning electronic filing.Resolves inconsistencies in two sections of the chapter on … [Read more...] about Various probate and trust matters
Solvent supervised estates
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
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