Indiana Affidavit by an Attorney-in-Fact in the Capacity of an Administrator of an Estate
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How to fill out Affidavit By An Attorney-in-Fact In The Capacity Of An Administrator Of An Estate?
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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.
How to Fill Out Small Estate Affidavit | PDFRun - YouTube YouTube Start of suggested clip End of suggested clip For line two enter the section and state of the probate. Code that the affidavit is being filed.MoreFor line two enter the section and state of the probate. Code that the affidavit is being filed.
Small Estate Affidavit Requirements for Indiana Indiana law says that a small estate affidavit must: Provide the name, address, Social Security number and date of the decedent's death. State that the value of the assets in the estate is less than $100,000. State that 45 days have passed since the death.
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.
Universal Citation: IN Code § 30-5-2-2 (2022) Sec. 2. "Attorney in fact" means the person designated to act for the principal under a power of attorney.
It can eliminate the need for probate administration in many instances. Under this process, an heir or administrator can use an Indiana small estate affidavit to gather and distribute the assets of a person who left behind probate assets worth $100,000 or less.
Indiana law says that a small estate affidavit must: Provide the name, address, Social Security number and date of the decedent's death. State that the value of the assets in the estate is less than $100,000. State that 45 days have passed since the death.
What are the qualifications? The deceased person's estate has a total value of $100,000 or less. Things that are owned jointly with someone else and assets that have a beneficiary (like life insurance) do not count toward the $100,000.