The Senate Judiciary Committee heard SB 287 authored by Sen. Freeman on various probate and trust matters. The bill provides: Representatives from the Indiana State Bar and the Central Indiana Area on Aging testified in support of the bill. The bill was amended to provide: The amended bill passed 10-1. Read the bill at … [Read more...] about Various probate and trust matters
estates
Solvent supervised estates
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 … [Read more...] about Solvent supervised estates
Small estates
S.E.A. 67, P.L. 151 Effective: July 1, 2022 Increases the value of estates that may be distributed via affidavit from $50,000 to $100,000. Increases the threshold for summary procedures for unsupervised estates from $50,000 to $100,000. The introduced version of this bill was prepared by the Probate Code Study Commission. Read the bill at: … [Read more...] about Small estates
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