Charles N. Doberneck

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Minimizing Delays In Distributing Assets Following Death

Posted on May 22, 2014 at 12:55 AM

Most people put minimizing delays in distributing assets following death as a fairly high priority goal. The question is: what are some practical and cost effective ways of achieving that goal? Titling accounts and other property in joint ownership with right of survivorship is a well known and effective method of passing property upon death. Another well publicized method is the creation of a revocable living trust—provided that most or all of ...

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Indiana Inheritance Tax Repealed

Posted on May 21, 2014 at 4:10 PM

Indiana’s inheritance tax was repealed for individuals dying after Dec. 31, 2012. No inheritance tax returns (Form IH-6 for Indiana residents and Form IH-12 for nonresidents) have to be prepared or filed. No tax has to be paid. In addition, no Consents to Transfer (Form IH-14) personal property or Notice of Intended Transfer of Checking Account (Form IH-19) are required for those dying after Dec. 31, 2012.  http://www.in.gov/dor/3807.htm

What Is Probate?

Posted on April 13, 2014 at 8:50 PM

The term “probate” refers to two separate, but often related, concepts.  The first meaning of “probate” is the process of submitting a will to the court in order to obtain an order that the will is valid as to form and witness requirements.  To be legally enforceable, all wills must be submitted to a court and determined to be valid.  In most Indiana counties, obtaining an order that a will is valid (probating the will) is often done in a jud...

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