| The intestacey
section of the Indiana Probate Code governs the division of
property for persons who die owning real estate and do not
have a will. Assets are divided as follows:
Married Person with Child/Children
• One-half to surviving spouse
• One-half to child/children, divided equally
• Grandchildren take only their deceased parent's share
Married Person with No Child/Children or Descendants
of Children
• Three-quarters to surviving spouse
• One-quarter to surviving parents, divided equally,
or to survivor
• If no surviving parent, then entire estate to surviving
spouse
Widow, Widower with Child, Children, or Descendants
• All to child, children, and their descendants
• Grandchildren take only their deceased parent’s
share
Widow, Widower, Single Person, with No Child or Children
or Descendants of Children
• All to surviving parents, brothers, and sisters, divided
equally
• Each surviving parent is entitled to a minimum share
of one-fourth of the estate
Widow, Widower, Single Person, with No Child or Children
or Descendants of Children, nor Surviving Parent, Brother,
or Sister
• All to descendants of brothers and sisters
This information is not designed, meant, nor
does it constitute the rendering of legal advice. You should
consult with an attorney and tax advisors before implementing
any strategy discussed here. |