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Indiana Inheritance Procedures in the Absence of a Will

If you do not make a will, your heirs will be...

A Will vs Trust?

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FOR AN UNMARRIED PERSON	DISTRIBUTION OF ESTATE
...with child/children or issue of deceased child/children OR	Child/children and/or grandchild/grandchildren: equal shares
...without surviving children	Per parent: ¼ of estate Siblings and nieces/ nephews: remaining estate
...and with no parents or siblings	Nieces/nephews: equal shares
...and with no nieces or nephews	Grandparents: equal shares
...and with no grandparents OR	Aunts, uncles, and cousins: equal shares
...with none of the above	State of Indiana

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FOR A MARRIED PERSON	DISTRIBUTION OF ESTATE
...with one or more living child and/or issue of deceased child (e.g., wife dies and is survived by husband and child of deceased son) OR	Spouse: ½ of estate Child/children and/or grandchild/grandchildren: ½ estate
....with no surviving issue (e.g., child) but with living parents OR	Spouse: ¾ of estate Parents: ¼ of estate
...with no surviving issue or parents OR	Spouse
...with a second or subsequent spouse, and with surviving child/ children of deceased child/children (e.g., husband dies and is survived by second wife and child from first marriage) OR	Spouse: ½ of personal property and ¼ value of real estate property Child/children and/or grandchild/grandchildren: equal share of remaining personal property and real estate property
...with none of the above	State of Indiana

Note:

The term “issue” simply means someone descended from someone else, such as a daughter or granddaughter. The term “personal property” in these diagrams refers to those items that have immeasurable or intrinsic value, such as an old piano or a collection of personal journals. Bank accounts, pensions, real estate, life insurance, and other financially measurable assets are included in the overall definition of the “estate.”

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Trust services provided by MEMBERS Trust Company are not federally insured, are not obligations of or guaranteed by the credit union or any affiliated entity, involve investment risks, including the possible loss of principle. MEMBERS Trust Company is a federal thrift regulated by the Office of the Comptroller or the Currency.

Resources & Articles

Indiana Inheritance Procedures in the Absence of a Will

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A Will vs Trust?