Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the State of Indiana probate estate limits?

0
10 Posted

What are the State of Indiana probate estate limits?

0
10

Answer I do not quite understand your question. If you are asking what size must the estate be to open it there really is no particular limit. You can do what is called a small estate affidavit if the estate is under $50,000.00. But his does not mean there are not situations when the estate is smaller than that and it must be “opened”. For instance if there is a house in the estate that needs to be transferred or sold then one almost has to open the estate regardless of the value since you may not have anyone to sign the deed over to another or a purchaser. Creditors can force an estate to be opened if there appears to be transfer in avoidance of the creditors. If you can be more specific I can maybe answer a little more clearly.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123