B
bonnie crowder
Guest
I live in Indiana and have recently been appointed Administratrix of my mother's estate. There was no will and I have 2 brothers involved. I have no problems with my brothers at this time.
My mother had a joint savings account with me and it was frozen.
After my mother's death I went to the bank to unfreeze the account. I thought I was Administratrix at the time but all I had was a notorized paper that said Declaration of Trust and not a living trust. The bank did not ask to see any documentation and started the paper work to unfreeze the account. In the meantime I got a court appointment and returned to the bank to get the money. I found out that the account had been unfrozen.
The bank pres. asked how I wanted the check in my name or the estate name. I replied, "I thought it was in the estate". He said he was not an attorney but it looked like the money was mine
something about an heirship. Of course I had the check made out in my name. It is in an account in my name. Is it mine? Or do I have to put it in the estate account. My attorney said it's mine. Also, on the estate how much can one inherit without paying inheritance tax (state), and ( federal)? Is there a place I can go for Indiana laws. Do I have to get court permission to sell my mother's house? The attorney I am using is my cousin's husband. He seems pretty knowledgable on everything but I probably made a mistake by not hiring a probate attorney. My mother's estate is about $250,000 to $300,000.
Most things are being liquidated - investments, etc. She had a stock broker who handled everything. She had one small $10,000.00 dollar investment with a bank that has been liquidated. I hope I did the right thing by doing that.
Thanks for your help.
My mother had a joint savings account with me and it was frozen.
After my mother's death I went to the bank to unfreeze the account. I thought I was Administratrix at the time but all I had was a notorized paper that said Declaration of Trust and not a living trust. The bank did not ask to see any documentation and started the paper work to unfreeze the account. In the meantime I got a court appointment and returned to the bank to get the money. I found out that the account had been unfrozen.
The bank pres. asked how I wanted the check in my name or the estate name. I replied, "I thought it was in the estate". He said he was not an attorney but it looked like the money was mine
something about an heirship. Of course I had the check made out in my name. It is in an account in my name. Is it mine? Or do I have to put it in the estate account. My attorney said it's mine. Also, on the estate how much can one inherit without paying inheritance tax (state), and ( federal)? Is there a place I can go for Indiana laws. Do I have to get court permission to sell my mother's house? The attorney I am using is my cousin's husband. He seems pretty knowledgable on everything but I probably made a mistake by not hiring a probate attorney. My mother's estate is about $250,000 to $300,000.
Most things are being liquidated - investments, etc. She had a stock broker who handled everything. She had one small $10,000.00 dollar investment with a bank that has been liquidated. I hope I did the right thing by doing that.
Thanks for your help.