How Much Does a Trustee Get Paid in Indiana?
In Indiana, trustee compensation follows "reasonable compensation" (UTC § 708 or equivalent)Ind. Code § 30-4-5-16Verified Sep 18, 2026View source unless the trust instrument sets a different amount.
Indiana allows a trustee reasonable compensationInd. Code § 30-4-5-16Verified Sep 18, 2026View source, with no statutory schedule, so the amount turns on the type of trustee and the work. A family trustee typically takes 0% to 1% of trust assets a year, or waives the fee; a professional trustee 0.5% to 1.5%; a corporate trustee 1% to 2% with an annual minimum of about $5,000.
Yes. Trustee compensation is taxable income to the trustee. In Indiana, that means federal income tax and state income taxIC 6-3-2-1(b)(7) (as amended by P.L.80-2025 / SEA 451 (2025))Verified Sep 20, 2026View source at up to 2.95%IC 6-3-2-1(b)(7) (as amended by P.L.80-2025 / SEA 451 (2025))Verified Sep 20, 2026View source. A professional trustee also owes self-employment tax on it; a family trustee who is not in the business of serving reports it as other income. The trust deducts the payment as an administration expense.
Yes. A family member serving as trustee in Indiana is entitled to the same compensation as a professional. Many family trustees waive or reduce the fee, especially when they are also beneficiaries, since the fee is taxable income to the trustee while a distribution usually is not. A record of time and duties is what supports any fee taken if a beneficiary or a court asks.
A one-time fee fits a trust that distributes everything and closes, the way an executor is paid once for a probate. An annual fee fits a trust that continues for years, such as one holding assets for a minor child or a beneficiary with special needs. Which model applies follows the trust's purpose, not Indiana law. The Indiana executor fee calculator is the comparison for a one-time distribution.
The two roles differ in length: an executor handles a probate that runs 6 months to 15 months, while a trustee may manage assets for years. In Indiana, executor compensation is reasonable compensation set by the courtIC 29-1-10-13 (reasonable compensation; no statutory percentage)Verified Sep 8, 2026View source, and trustee compensation is set by the trust document or a reasonable-compensation standardInd. Code § 30-4-5-16Verified Sep 18, 2026View source. A one-time trustee fee on a trust that distributes at once is often comparable to the executor fee on an estate of the same size.
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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.
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.
How Do I Settle a Trust?
Settling a trust in Indiana happens outside court: the trustee acts under the state's trust statuteInd. Code 30-4-1-1 et seq.Verified Jul 15, 2026View source, notifies the beneficiaries, then pays the debts and distributes under the trust's terms.
How Many Death Certificates Do I Need?
In Indiana, certified death certificates come from the Indiana Department of Health - Division of Vital RecordsIndiana Department of Health - Division of Vital RecordsVerified Oct 15, 2026View source; the first copy costs $8Indiana Department of Health - Division of Vital RecordsVerified Oct 15, 2026View source, additional copies $4Indiana Department of Health - Division of Vital RecordsVerified Oct 15, 2026View source each.
Do I Need Probate?
In Indiana, estates valued at $100,000IC 29-1-8-1Verified Sep 8, 2026View source or less skip probate with the Small Estate AffidavitIC 29-1-8-1Verified Sep 8, 2026View source, 45 daysIC 29-1-8-1Verified Sep 8, 2026View source after death.
How Do I Open a Trust Account at My Bank?
Compare trust-account requirements bank by bank: how a revocable trust account is opened or retitled, and what proves the trust.
Do I Have to File Tax Returns for Someone Who Died?
Indiana requires a final state income tax return for the decedent alongside the federal Form 1040IC 6-3-2-1(b)(7) (as amended by P.L.80-2025 / SEA 451 (2025))Verified Sep 20, 2026View source; a federal estate tax return (Form 706) is required only for estates above $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Sep 15, 2026View source.
How Do I Settle an Estate?
Settling an estate 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; creditors have 3 monthsIC 29-1-14-1, 29-1-7-7, 29-1-14-9, 29-1-14-10Verified Sep 15, 2026View source to present claims; a simple estate closes in 6 months to 9 months.
What Do I Do When Someone Dies?
After a death in Indiana, the estate either qualifies for the simplified procedure for estates under $100,000IC 29-1-8-1Verified Sep 8, 2026View source or goes through probate, where creditors have 3 monthsIC 29-1-14-1Verified Sep 8, 2026View source to file claims after notice.
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Indiana Estate Settlement Resources
In-depth guides covering Indiana probate, estate administration, and settling an estate.