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Indiana Last Will and Testament for Divorced person not Remarried with Adult Children

State:
Indiana
Control #:
IN-WIL-0003-A
Format:
Word; 
Rich Text
Instant download

Description

The Will you have found is for a divorced person, not remarried with adult children. It provides for the appointment of a personal representative or executor, designation of who will receive your property and other provisions.



This Will must be signed in the presence of two witnesses, not related to you or named in your Will. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the Will.

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  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children
  • Preview Last Will and Testament for Divorced person not Remarried with Adult Children

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FAQ

Small estate administration is a simplified court procedure that is an alternative to the longer probate process. It is available when the person who dies did not own that much in assets. There is often a limit to the value of the property, such as $25,000 or $100,000.

It's very common for a lawyer to charge a flat fee to write a will and other basic estate planning documents. The low end for a simple lawyer-drafted will is around $300. A price of closer to $1,000 is more common, and it's not unusual to find a $1,200 price tag. Lawyers like flat fees for several reasons.

Drafting the will yourself is less costly and may put you out about $150 or less. Depending on your situation, expect to pay anywhere between $300 and $1,000 to hire a lawyer for your will. While do-it-yourself will kits may save you time and money, writing your will with a lawyer ensures it will be error-free.

While the probate process isn't necessary for every estate in Indiana, a sizable portion of them will be forced to go before the court. However, there are certain assets of a decedent that will skip past this process, as they already have heirs or beneficiaries chosen. These include: Life insurance.

In Indiana, you can make a living trust to avoid probate for virtually any asset you ownreal 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).

A will written by a lawyer can cost between about $400 and $3,000 depending on its complexity, a will written by a Public Trustee may be free in certain circumstances, and a will kit can be bought for about $30.

Indiana does not permit holographic (handwritten) wills.

Before you can be formally recognized as the estate's executor, you have to be appointed by an Indiana probate court. To accomplish that feat, you must bring the original copy of the deceased's Last Will and Testament to the appropriate court which will be the court in the county where the deceased lived.

Small Estate Threshold The Indiana small estate procedures are available when the gross probate estate, less liens and encumbrances, does not exceed $50,000. The estate calculation includes all property owned by the decedent, including real estate.

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Indiana Last Will and Testament for Divorced person not Remarried with Adult Children