Upload Data To Legal Indiana Small Estates Forms For Free

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. The person who died (the Decedent) passed away more than forty-five (45) days ago.

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.

Indiana residents can use a transfer-on-death form to name beneficiaries for vehicles, securities, and real estate to bypass probate. Cars, small boats, stocks, bonds, brokerage accounts, land, and houses all qualify.

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.

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.

Indiana allows for small estate exceptions, where any estate valued at less than $50,000 can avoid the probate process. There are specific details regarding property in real estate though, so you need to make sure you fully understand the process here.