How Much Does an Executor Get Paid in Indiana?
Indiana pays executors reasonable compensationIC 29-1-10-13 (reasonable compensation; no statutory percentage)Verified Sep 8, 2026View source, typically 2.2%Estimated from the 16 state statutes that set an executor fee schedule (median and interquartile range at this estate value)Verified Sep 8, 2026View source to 3.8%Estimated from the 16 state statutes that set an executor fee schedule (median and interquartile range at this estate value)Verified Sep 8, 2026View source of the estate.
Indiana allows executors 'reasonable compensation' — around 2.2%–3.8% of a $500,000 estate, judging by what the states with statutory schedules payIC 29-1-10-13 (reasonable compensation; no statutory percentage)Verified Sep 8, 2026View source. Courts consider the size and complexity of the estate, the time spent, and the executor's skill and experience. Executors can waive the fee entirely or accept a reduced amount.
Indiana law says only that compensation must be reasonable; it names no percentage, so no exact figure exists to look up. The estimate is built from the 16 states whose legislatures set an executor fee schedule: each schedule is applied to an estate of the same size, and the middle half of those results is the range, 2.2%Estimated from the 16 state statutes that set an executor fee schedule (median and interquartile range at this estate value)Verified Sep 8, 2026View source to 3.8%Estimated from the 16 state statutes that set an executor fee schedule (median and interquartile range at this estate value)Verified Sep 8, 2026View source of a $500,000 estate. It is an estimate anchored in what other legislatures decided the same work is worth, not a figure from Indiana law; the probate court has the final say.
The Indiana probate statute does not address how co-executors share compensation.Ind. Code § 29-1-10-13Verified Oct 23, 2026View source
Indiana does not require a bond of the personal representative by defaultIC 29-1-11-1 (supervised); IC 29-1-7.5-2.5 (unsupervised: no bond by default)Verified Sep 8, 2026View source. A court can still order one. The bond protects beneficiaries against executor misconduct or mismanagement.
Executor fees and attorney fees are separate costs in Indiana probate: attorney fees of typically 1.8%Modeled estimate under IC 29-1-10-13 (reasonable compensation; no statutory percentage): the hours the statutory fee schedules imply, at the state's surveyed hourly rateVerified Sep 8, 2026View source to 2.8%Modeled estimate under IC 29-1-10-13 (reasonable compensation; no statutory percentage): the hours the statutory fee schedules imply, at the state's surveyed hourly rateVerified Sep 8, 2026View source of the estate, and executor compensation is set separatelyIC 29-1-10-13 (reasonable compensation; no statutory percentage)Verified Sep 8, 2026View source. Both are paid from the estate before distribution to beneficiaries. When the executor is also the estate's attorney: An executor who is also the estate's attorney may be paid for both roles.Ind. Code § 29-1-10-13Verified Oct 23, 2026View source Estimate the attorney fee with the Indiana probate attorney fee calculator.
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Forms for Settling an Estate in Indiana
Free forms for settling an estate in Indiana: the probate petition, small estate affidavit, notice to creditors, inventory, and closing forms.
Notice to Creditors
In Indiana, the notice to creditors is published for 2IC 29-1-14-1, 29-1-7-7, 29-1-14-9, 29-1-14-10Verified Oct 18, 2026View source weeks in a local newspaper, and creditors have 3 monthsIC 29-1-14-1Verified Sep 8, 2026View source from first publication to present claims.
Renunciation of Executor
In Indiana, a person named as personal representative may renounce the right to serveInd. Code § 29-1-10-2Verified Sep 23, 2026View source before anyone is appointed.
Affidavit of Heirship
In Indiana, heirs put their identity on the land records with an affidavit of heirship recorded with the countyIC 29-1-7-23; IC 29-1-8-1(c); IC 29-1-6-6Verified Sep 24, 2026View source; once recorded it is prima facie evidence of the facts stated.
Small Estate Affidavit
In Indiana, the Small Estate AffidavitIC 29-1-8-1Verified Sep 8, 2026View source covers estates valued at $100,000IC 29-1-8-1Verified Sep 8, 2026View source or less, 45 daysIC 29-1-8-1Verified Sep 8, 2026View source after death, presented directly to the bank or other holder, not filed with a court.
Estate Inventory
In Indiana, the personal representative files the estate inventory within 60 daysIC 29-1-12-1, IC 29-1-7.5-3.2Verified Sep 15, 2026View source of appointment.
Estate Closing
In Indiana, the personal representative is discharged automatically once the statutory period runsIC 29-1-7.5-4(b), 29-1-7.5-6; IC 29-1-17-13 (supervised track)Verified Sep 15, 2026View source, and a final accounting is required unless it is waived.
Tools for Settling an Estate in Indiana
Free tools for settling an estate in Indiana: whether probate is needed, executor and trustee pay, creditor deadlines, and inheritance taxes.
Can I Self-File Probate?
Indiana has no statewide fill-in probate petition, so the opening petition is drafted as a legal pleading, and informal probate is not availableIC 29-1-7-13(b) (court grants letters); IC 29-1-10-3 (clerk administers oath only)Verified Sep 8, 2026View source.
How Do I Get Letters Testamentary?
In Indiana, the Clerk of the court issues Letters Testamentary or Letters of Administration once the Circuit or Superior Court appoints the personal representative; every appointment goes through the courtIC 29-1-7-13(b) (court grants letters); IC 29-1-10-3 (clerk administers oath only)Verified Sep 8, 2026View source.
What Are the Creditor Claim Deadlines?
In Indiana, creditors have 3 monthsIC 29-1-14-1Verified Sep 8, 2026View source from first publication of the creditor notice to present claims; late claims are barred.
What Happens When an Estate Is Insolvent?
When an estate owes more than it holds, Indiana pays the claims in 7Ind. Code § 29-1-14-9Verified Sep 23, 2026View source classes in statutory order, beginning with costs and expenses of administration (excluding funeral, tombstone, and body disposition).
How Do I Claim a Deceased Person's Unclaimed Property?
In Indiana, a deceased owner's unclaimed property is claimed from the Office of the Indiana Attorney General, Unclaimed Property DivisionInd. Code 32-34-1.5 (Revised Unclaimed Property Act); Ind. Code 29-1-8-1 (small estate affidavit)Verified Aug 24, 2026View source. The documentation each claim requires is listed on the claim form the online system generatesIndiana Unclaimed (Office of the Indiana Attorney General)Verified Aug 24, 2026View source.
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Hire an Indiana Probate Attorney
Browse 121 probate firms in Indiana with addresses, contact info, and practice details.
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Indiana Estate Settlement Resources
In-depth guides covering Indiana probate, estate administration, and settling an estate.