Estate Administration
What does it mean to be a Trustee of a Trust in Indiana
A trustee is a fiduciary which means “A person who is required to act for the benefit of another person on all matters within the scope of their relationship; one who owes to another the duties of good faith, trust, confidence, and candor. One who must exercise a high standard of care in managing another’s…
Read MoreWhat is Devolution
Devolution is the transfer of a person’s assets (i.e., real estate, bank accounts, retirement accounts, or any other property a person owns) to his/her/their heirs as a matter of law upon a person’s death. Indiana’s devolution is found under I.C. § 29-1-7-23(a): “When a person dies, the person’s real and personal property passes to persons…
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