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IN SB0153
Bill
Status
1/5/2016
Primary Sponsor
Brent Steele
Click for details
AI Summary
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Extends the deadline for creditors to file claims against a decedent's estate from 9 months to 1 year after the decedent's death under IC 29-1-7-7 and IC 29-1-14-1
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Modifies the notice of administration to inform creditors they must file claims within 3 months from first publication or within 1 year after the decedent's death, whichever is earlier
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If personal representatives fail to notify a known creditor within 1 month of first notice publication, the creditor has an additional 2 months after receiving notice to submit a claim
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Maintains exceptions for mortgage, pledge, or other liens on estate property and tort claims, which are not subject to the 1-year bar
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Effective July 1, 2016, applying only to estates of individuals whose death occurs after June 30, 2016, with the provision expiring July 1, 2017
Legislative Description
Creditor claims against a decedent's estate. Extends, from nine months after the death of the decedent to one year after the death of the decedent, the time certain creditors of a decedent have a right to bring a claim against the decedent's estate.
Last Action
First reading: referred to Committee on Civil Law
1/5/2016