Sec. 0.1. The following amendments to this chapter apply as follows: (1) The amendments made to section 6 of this chapter by P.L.118-1997 do not apply to an individual whose death occurs before July 1, 1997. (2) The amendments made to section 6 of this chapter by P.L.252-2001 apply to the estate of an individual […]
Sec. 1. (a) Every personal representative shall be liable for and chargeable in his accounts with all of the estate of the decedent which comes into his possession at any time, including all the income therefrom; but he shall not be accountable for any debts due to the decedent or other assets of the estate […]
Sec. 10. Any person who has been ordered to account as herein provided, and who fails to comply with such order, may be attached and imprisoned in order to enforce such compliance therewith. Formerly: Acts 1953, c.112, s.1610.
Sec. 2. Every personal representative shall close the estate as promptly as possible. Unless for good cause shown the time for filing the final account in the estate shall not exceed one (1) year from the appointment of a personal representative. Formerly: Acts 1953, c.112, s.1602.
Sec. 3. Every personal representative may file in the court a verified account of his administration at any time prior to final settlement and distribution but every personal representative must file in the court a verified account of his administration. (a) Upon filing a petition for final settlement; (b) Upon the revocation of his letters; […]
Sec. 4. Accounts rendered to the court by a personal representative shall be for a period distinctly stated and shall consist of three (3) schedules, of which the first shall show the amount of the property chargeable to the personal representative; the second shall show payments, charges, losses and distributions; the third shall show the […]
Sec. 5. At the time of filing of an account the personal representative shall petition the court to settle and allow his account; and if the estate is in a proper condition to be closed, he shall also petition the court for an order authorizing him to distribute the estate, and shall specify in the […]
Sec. 6. (a) Upon the filing of any account in a decedent’s estate, hearing and notice thereof shall be had as set forth in this section. (b) If the account is for final settlement, the court or clerk shall set a date by which all objections to such final account and petition for distribution must […]
Sec. 7. As stated in section 6 of this chapter, any interested person may file written objections to any item or omission in the account. All such objections shall be specific and shall indicate the modification desired. Formerly: Acts 1953, c.112, s.1607. As amended by P.L.162-2022, SEC.13.
Sec. 8. Upon the approval of the account of a personal representative, the personal representative and his sureties shall, subject to the right of appeal and to the power of the court to vacate its final orders, be relieved from liability for the administration of his trust during the accounting period, including the investment of […]
Sec. 9. (a) If the personal representative dies or becomes incompetent, his account shall be presented by his personal representative or the guardian of his estate to, and settled by, the court in which the estate of which he was personal representative is being administered and the the court shall settle the account as in […]
