Indiana § 29-1-15-16.5 Acquisition of beneficial interest in real property of estate by personal
representative

Indiana Statutes

§ 29-1-15-16.5 — Acquisition of beneficial interest in real property of estate by personal representative

Indiana § 29-1-15-16.5

Art. 1PROBATE CODE

Ch. 15Sales, Mortgages, Leases, Exchanges─Personal and

This text of Indiana § 29-1-15-16.5 (Acquisition of beneficial interest in real property of estate by personal representative) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 29-1-15-16.5 (2026).

Text

5.

(a)This section applies to a supervised or an unsupervised estate.

(b)Unless authorized by:

(1)a will;

(2)a trust;

(3)the consent of all heirs, legatees, or beneficiaries;

(4)an adjudicated compromise agreement approved by the court under IC 29-1-9; or

(5)an order of the court issued after notice and hearing to all interested persons to ensure that adequate consideration is received by the estate for the interest acquired; any sale (including an auction sale), encumbrance, lease, or rental of real property that is an asset of the estate is void if the sale, encumbrance, lease, or rental of the real property causes the personal representative to directly or indirectly acquire a beneficial interest in the real property.

(c)This section does not prohibit a personal representative f

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5. (a) This section applies to a supervised
or an unsupervised estate.
(b) Unless authorized by:
(1) a will;
(2) a trust;
(3) the consent of all heirs, legatees, or beneficiaries;
(4) an adjudicated compromise agreement approved by the court
under IC 29-1-9; or
(5) an order of the court issued after notice and hearing to all
interested persons to ensure that adequate consideration is
received by the estate for the interest acquired;
any sale (including an auction sale), encumbrance, lease, or rental of
real property that is an asset of the estate is void if the sale,
encumbrance, lease, or rental of the real property causes the personal
representative to directly or indirectly acquire a beneficial interest in
the real property.
(c) This section does not prohibit a personal representative from
enforcing or fulfilling any enforceable contract or agreement:
(1) executed during the decedent's lifetime; and
(2) between the decedent and the personal representative in the
personal representative's individual capacity.