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PROBATE/ESTATE AND TRUST ADMINISTRATION

• Things To Do After the Death of a Loved One

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Frequently Asked Questions by our clients in Indiana

Q: What is included in a decedent’s “estate”, and when is an estate administration necessary?

A: Included in a decedent’s “estate” are those assets which the decedent owned in his or her name alone (which do not have a beneficiary designation or pay-on-death designation), as well as those assets which have named the decedent’s estate as a beneficiary.

Generally, if a decedent has less than $50,000 in assets included in his or her estate, then formal estate administration can be avoided and the assets may be transferred with the use of a Small Estate Affidavit.  If the decedent’s estate contains more than $50,000, the decedent’s estate and assets must be administered as part of a formal estate administration proceeding in the probate court of the county in which the decedent resided.

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