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Citations Affected IC 29-1 IC 29-3 IC 30-1-5-1 - In
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Lowance and makes other changes with regard to the surviving spouse allowance. Specifies that: (1) an order binding the guardian of an estate binds the protected person if there is no conflict of interest between them; and (2) an order binding a guardian of the person binds the ward if a guardian of the ward's estate has not been appointed. Removes ambiguous language. Increases the amount of property or debt owed to a minor that may be delivered to a person having the care and custody of the min.
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Seq FAQ
When someone dies owning an interest in real estate, the legal instrument used to transfer the property is a personal representative deed. Personal representative deeds provide essential information about the specific probate estate and related property transfer in one document.
(a) Any person indebted to a minor or having possession of property belonging to a minor in an amount not exceeding ten thousand dollars ($10,000) may pay the debt or deliver the property without the appointment of a guardian, giving of bond, or other order of court directly to any person having the care and custody of ...
(a) Language conferring general authority with respect to banking transactions means the principal authorizes the attorney in fact to do the following: (1) Continue, modify, or terminate a deposit account or other banking arrangement made by or on behalf of the principal before the execution of the power of attorney.
Only assets in your own name, with no joint owners or named beneficiaries, pass through probate. Joint and pay on death bank and brokerage accounts pass directly to the joint owner or the named beneficiary by operation of law at your death.
Section 29-1-7.5-4 - Closing estate; procedures; termination of appointment of personal representative (a) Unless prohibited by order of the court and except for estates being administered in supervised administration proceedings, a personal representative may close an estate by filing with the court no earlier than ...
The trial court has discretion to remove a personal representative if he or she is “unsuitable or incapable of discharging the representative's duties, has mismanaged the estate, [or] failed to perform any duty imposed by law …” See Indiana Code Section 29-1-10-6; Inlow v.
(a) The surviving spouse of a decedent who was domiciled in Indiana at the decedent's death is entitled from the estate to an allowance of twenty-five thousand dollars ($25,000).
(1) shall pay the taxes and collect the rents and earnings thereon until the estate is settled or until delivered by order of the court to the distributees; (2) shall keep in tenantable repair the buildings and fixtures under the personal representative's control; (3) may protect the buildings and fixtures under the ...
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