House Bill 1541

ARCHIVE (2009)

Latest Information

 
DIGEST OF INTRODUCED BILL

Various probate issues. Specifies that damages paid to a plaintiff's estate in a personal injury case maintained by the personal representative of a plaintiff who dies from causes other than the personal injury are subject to the statutes governing the inheritance tax, the Indiana estate tax, and the generation skipping transfer tax. Requires a person paying the damages to notify the department of state revenue of the payment within ten days. Requires the department to notify the county assessor of the county in which the plaintiff was domiciled at the time of the plaintiff's death. Specifies the methods of satisfying the survivors' allowance. Provides separate procedures for the petitioned removal of a corporate personal representative following a change in the control of the corporate personal representative. Changes the mailing requirements for opening an estate or guardianship from certified mail to first class postage prepaid mail. Provides the method for determining the amount a joint owner or beneficiary of a protected person's multiple party account is entitled to receive from the protected person's estate when a guardian has used assets of the multiple party account. Makes numerous changes and additions to the power of attorney statutes to conform with the Uniform Power of Attorney Act. Specifies mailing address requirements for recording conveyances.
Current Status:
 In Committee - first House
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