29-1-15-13. Court Order; Description of Property; Sequence of Parcels; Private Sale, Public Auction; Terms
Sec. 13. The order shall describe the property to be sold, mortgaged or leased and may designate the sequence in which the several parcels shall be sold, mortgaged or leased. An order for sale shall direct whether the property shall be sold at private sale or public auction, and, if the latter, the place or […]
29-1-15-14. Fair Market Value; Appraisal; Reappraisal
Sec. 14. The value of the property for the purposes of a sale of real property pursuant to section 3 and subsequent sections of this chapter shall be the fair market value filed with the inventory unless the court directs that the property be appraised or reappraised, as the case may be. In the event […]
29-1-15-15. Real Property Sales; Notice
Sec. 15. In all sales of real property the sale may be made with or without notice as directed by the court. Where notice is ordered the personal representative shall give such notice as the court orders. Formerly: Acts 1953, c.112, s.1515; Acts 1955, c.258, s.7; Acts 1975, P.L.288, SEC.32. As amended by Acts 1978, […]
29-1-15-16. Repealed
Formerly: Acts 1953, c.112, s.1516. As amended by Acts 1982, P.L.171, SEC.44. Repealed by P.L.238-2005, SEC.63.
29-1-15-16.5. Acquisition of Beneficial Interest in Real Property of Estate by Personal Representative
Sec. 16.5. (a) This section applies to a supervised or an unsupervised estate. (b) Unless authorized by: (1) a will; (2) a trust; (3) the consent of all heirs, legatees, or beneficiaries; (4) an adjudicated compromise agreement approved by the court under IC 29-1-9; or (5) an order of the court issued after notice and […]
29-1-15-17. Execution of Conveyance or Lease; Certified Copy of Order; Power Given Under Will
Sec. 17. Whenever a personal representative executes a deed, mortgage, lease or other conveyance under a power given the personal representative in any will, a certified copy of the will giving such power and a certified copy of the personal representative’s letters may be recorded with the deed, mortgage, lease, or other instrument executed by […]
29-1-15-18. Forms for Conveyances
Sec. 18. (a) Whenever a personal representative shall be ordered by the court to execute a conveyance of the real estate of a decedent, a conveyance subscribed by the personal representative shall vest in the grantee all the title in the real estate ordered by the court to be conveyed as completely as if all […]
29-1-15-19. Irregularity or Defect in Proceedings; Guardians; Good Faith Purchasers
Sec. 19. (a) No sale of any real estate made by a personal representative or guardian under the provisions of IC 29-1, shall be voided on account of any irregularity or defect in the proceedings, if it shall appear: (1) that the sale was authorized by the court having the jurisdiction of the parties and […]
29-1-15-20. Lien of State for Inheritance or Estate Taxes
Sec. 20. The lien of the state for inheritance or estate taxes shall not extend to any interest acquired by a purchaser, mortgagee, or lessee through any transfer made by a personal representative under a power contained in a will, under IC 29-1-7.5-3, or under order of the court. Formerly: Acts 1953, c.112, s.1520. As […]
29-1-15-21. Fees and Expenses
Sec. 21. In connection with the sale, mortgage, lease or exchange of property, the court may authorize the personal representative to pay, out of the proceeds realized therefrom or out of the estate, the customary and reasonable auctioneers’ and brokers’ fees and any necessary expenses for abstracting, title insurance, survey, revenue stamps and other necessary […]