Indiana § 29-3-3-2 Property of incapacitated person not in excess of $10,000; deposit,
delivery, and disposition of property; compensation and expenses of
receiver

Indiana Statutes

§ 29-3-3-2 — Property of incapacitated person not in excess of $10,000; deposit, delivery, and disposition of property; compensation and expenses of receiver

Indiana § 29-3-3-2

Art. 3GUARDIANSHIPS AND PROTECTIVE

Ch. 3Proceedings in Lieu of Guardianships

This text of Indiana § 29-3-3-2 (Property of incapacitated person not in excess of $10,000; deposit, delivery, and disposition of property; compensation and expenses of receiver) 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 § 29-3-3-2 (2026).

Text

When the entire property of an incapacitated person does not exceed the value of ten thousand dollars ($10,000), the court may, without the appointment of a guardian, giving of bond, or other order of court, authorize:

(1)the deposit of the property in a depository authorized to receive fiduciary funds in the name of a suitable person designated by the court; or

(2)if the property does not consist of money, the delivery of the property to a suitable person designated by the court. The person receiving the property shall hold and dispose of the property in the manner the court directs and is entitled to reasonable compensation and to reimbursement for reasonable expenses incurred in good faith on behalf of the incapacitated person and approved by the court.

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When the entire property of an incapacitated
person does not exceed the value of ten thousand dollars ($10,000), the
court may, without the appointment of a guardian, giving of bond, or
other order of court, authorize:
(1) the deposit of the property in a depository authorized to
receive fiduciary funds in the name of a suitable person
designated by the court; or
(2) if the property does not consist of money, the delivery of the
property to a suitable person designated by the court.
The person receiving the property shall hold and dispose of the
property in the manner the court directs and is entitled to reasonable
compensation and to reimbursement for reasonable expenses incurred
in good faith on behalf of the incapacitated person and approved by the
court.