§ 29-1-15-3 — Payment of claims, expenses, and taxes; distribution of estate

Indiana § 29-1-15-3

• Jurisdiction: Indiana
• Art. 1: PROBATE CODE
• Ch. 15: Sales, Mortgages, Leases, Exchanges─Personal and

Text

Subject to the provisions of IC 29-1-7-15.1
concerning the sale of real property, any real or personal property
belonging to an estate may be sold, mortgaged, leased or exchanged
under court order when necessary for any of the following purposes:
(a) For the payment of claims allowed against the estate.
(b) For the payment of any allowances made under IC 29-1-4-1.
(c) For the payment of any legacy given by the will of the
decedent.
(d) For the payment of expenses of administration.
(e) For the payment of any gift, estate, inheritance or transfer
taxes assessed upon the transfer of the estate or due from the
decedent or the decedent's estate.
(f) For making distribution of the estate or any part thereof.
(g) For any other purpose in the best interests of the estate.
Formerly: Acts 1953, c.112, s.1503; Acts 1973, P.L.287, SEC.8.
As amended by Acts 1979, P.L.268, SEC.6; P.L.184-2021,
SEC.5.