Inheritance Laws In Indiana
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FAQ
Is Probate Required in Indiana? Any estate worth more than $50,000 is subject to probate in Indiana. Estates worth less than $50,000 transfer ownership to heirs through the small estate administration with a written statement proving entitlement to the assets.
Survived by spouse and parents ? spouse inherits ¾ of your intestate property and parents inherit ¼. Survived by parents but no spouse or descendants? parents inherit the entire estate. Survived by siblings but no parent, spouse, or descendants ? siblings inherit entire estate.
There is no inheritance tax in Indiana either. However, other states' inheritance laws may apply to you if someone living in a state with an inheritance tax leaves you money or property. In Pennsylvania, for instance, there is an inheritance tax that applies to out-of-state inheritors.
Since Indiana is not a state that imposes an inheritance tax, the inheritance tax in 2023 is 0% (zero). As a result, you won't owe Indiana inheritance taxes.
(14) "Heirs" denotes those persons, including the surviving spouse, who are entitled under the statutes of intestate succession to the real and personal property of a decedent on the decedent's death intestate, unless otherwise defined or limited by the will.