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
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
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
Wrongful death
The Senate Judiciary Committee heard SB 132 on wrongful death authored by Sen. Freeman and Sen. Sandlin. This bill originally required a policy or certificate of life insurance to pay the estate of an insured individual's spouse if the spouse would have been entitled to the proceeds of the insured individual's life insurance policy and the spouse was intentionally killed by the … [Read more...] about Wrongful death
Small estates
On January 5, the Senate Judiciary Committee heard SB 67 on small estates authored by Sen. Lanane. The bill 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 … [Read more...] about Small estates