My relative died and his only asset was a bank account with $5000 in it. Is there a way to distribute it to his heirs with as little paperwork as possible?
Indiana allows distribution of small estates of under $50,000 by affidavit after a waiting period of 45 days from the date of death. If a will has been executed, it usually should be filed with the court. The person collecting the asset must be sure that it is properly distributed to those entitled to receive it after payment of the decedent's debts and expenses.
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