Indiana Vendor's Affidavit
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The Indiana state requires you to notarize the small estate affidavit. Unlike other states, where the form must be filed with the court, an Indiana small estate affidavit for bank accounts is a legal option.
In Indiana, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
An Indiana small estate affidavit is used to gather the assets of a person who has died and left behind an estate worth less than $100,000. The affidavit cannot be filed earlier than forty-five (45) days after the date of death and must be signed in front of a notary public.
In Indiana, the small estate affidavit does not have to be filed with the court. A completed affidavit can be presented to the bank, organization or person holding estate assets to get them released. The small estate affidavit form can be downloaded from the Indiana website.
If there are no other conflicting statutes or requirements, the estate attorney may be able to use a devolution-type of affidavit to show the legal transfer of ownership from the person who died to that person's heirs as a matter of law without the need to use the probate system.
Step 1 ? Wait Forty-five (45) Days. A period of forty-five (45) has to pass before you can use a small estate affidavit in the State of Indiana. Step 2 ? Prepare Affidavit. Download Form 54985.Step 3 ? Notify Every Person Identified.Step 4 ? Get It Notarized.Step 5 ? Collect the Assets.
Signing and Notarizing The Indiana state requires you to notarize the small estate affidavit. Unlike other states, where the form must be filed with the court, an Indiana small estate affidavit for bank accounts is a legal option.