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Estate planning in Indiana involves creating legal documents to manage assets, taxes, and burial arrangements, including wills, durable power of attorney, and healthcare power of attorney. The costs vary based on complexity, with wills typically around $500 and trusts approximately $2,000.
Generally, the small estate procedure in Indiana is as follows: Wait 45 days after the death of the decedent; Prepare a small estate affidavit; Notify every person who is entitled to receive part of the property to be distributed; Get the small estate affidavit notarized in front of a notary public; and.
Ind. Code 29-1-7-3.1 allows a person to deposit a will and/or codicil (hereinafter ?will?) with the Circuit Court Clerk where the testator resided when the will was executed. The Circuit Court Clerk does not have to determine whether his or her county is the right place for the filing.
Basic Requirements for Serving as an Indiana Executor at least 18 years old, and. of sound mind -- that is, not judged incapacitated by a court.
Indiana Probate Laws A typical probate process takes about six months and starts by presenting a death certificate to the probate court. The Indiana probate process involves various steps, including: Filing the will with the applicable court.
Steps to Create a Will in Indiana Decide what property to include in your will. Decide who will inherit your property. Choose an executor to handle your estate. Choose a guardian for your children. Choose someone to manage children's property. Make your will. Sign your will in front of witnesses. Store your will safely.
Capacity: The testator must be of sound mind. Signature: The will must be signed by the testator or by someone else at the testator's direction and in the testator's presence. Witnesses: At least two witnesses must sign an Indiana last will and testament in order for it to be valid.