Sec. 1. (a) Within two (2) months after the appointment of a personal representative, unless a longer time is granted by the court, the personal representative shall prepare a verified inventory of the decedent’s probate estate. The verified inventory must: (1) consist of at least one (1) written instrument; (2) indicate the fair market value […]
Formerly: Acts 1953, c.112, s.1202. As amended by Acts 1973, P.L.287, SEC.6. Repealed by Acts 1975, P.L.289, SEC.3.
Sec. 3. When such estate is situated in places distant from each other or is composed of different types of property, the personal representative may prepare the inventory in separate instruments for each place or type of property. Formerly: Acts 1953, c.112, s.1203; Acts 1971, P.L.409, SEC.2; Acts 1975, P.L.288, SEC.19.
Formerly: Acts 1953, c.112, s.1204. Repealed by Acts 1975, P.L.288, SEC.51.
Sec. 5. The naming of any person as executor in a will shall not operate as a discharge or bequest of any right of action which the testator had against such executor, but such right of action, if it survives, shall be included among the assets of the decedent in the inventory. If the personal […]
Sec. 6. Inventories and appraisements may be given in evidence in all proceedings, but shall not be conclusive, and other evidence may be introduced to vary the effect thereof. Formerly: Acts 1953, c.112, s.1206.
