This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Indiana Petition to Determine Distribution Rights of the Assets of a Decedent
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How to fill out Petition To Determine Distribution Rights Of The Assets Of A Decedent?
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FAQ
Beneficiaries May Request an Accounting There are situations when a beneficiary will request that the executor or trustee provide an accounting. This may be a formal or informal accounting, depending on the request. Regardless, the fiduciary has a responsibility to provide an accounting when requested.
While the timeline can greatly vary, it typically ranges from several months to over a year, depending largely on factors like the size and complexity of the estate, the clarity of the will, and whether or not the probate process is contested.
(a) A guardian appointed in this state may petition the court to transfer the guardianship to another state. (b) Notice of a petition under subsection (a) must be given to the persons that would be entitled to notice of a petition in this state for the appointment of a guardian.
Even without a statutory guideline on executor fees in Indiana, the common understanding among legal professionals suggests that an executor can expect to receive about 2-5% of the estate's value. However, this percentage can vary based on the specifics of the estate and the executor's duties.
(a) When a person dies, the person's real and personal property passes to persons to whom it is devised by the person's last will or, in the absence of such disposition, to the persons who succeed to the person's estate as the person's heirs; but it shall be subject to the possession of the personal representative and ...
Descendants inherit everything else. Survived by spouse and parents ? spouse inherits ¾ of your intestate property and parents inherit ¼. Survived by parents but no spouse or descendants? parents inherit the entire estate. Survived by siblings but no parent, spouse, or descendants ? siblings inherit entire estate.
Once the grant of probate is issued, a 210-day waiting period must pass before the executor can distribute the estate, unless all beneficiaries consent or there is a court order.
(g) Except as provided in subsection (h), the will of the decedent shall not be admitted to probate unless the will is presented for probate before the latest of the following dates: (1) Three (3) years after the individual's death.