Local Rule - State of Indiana

(3) Where the heirs or legatees have filed a written request that the fiduciary servewithout bond, the bond may be set in the amount adequate to protect the rights ofthe creditors and taxing authorities only.(4) In an unsupervised estate, bond may be set at the discretion of the Court.(5) No bond shall be required in any supervised estate or guardianship in which acorporate banking fiduciary qualified by law to serve as such is either the fiduciaryor one of several co-fiduciaries.5200.20 Restriction in Lieu of Bond. In lieu of a bond as required by Section5200.10 of this Rule, a fiduciary may restrict transfer of all or part of the liquid assets of the estateor guardianship by placing those assets in a federally-insured financial institution with thefollowing restriction placed on the face of the account or document: NO PRINCIPAL ORINTEREST SHALL BE WITHDRAWN WITHOUT WRITTEN ORDER OF THE CIRCUIT ORSUPERIOR COURT OF PORTER COUNTY, INDIANA. The attorney for the estate or thefiduciary shall file with the Court written acknowledgment by the federally insured financialinstitution of the account's restriction.5200.30 Value. All petitions to open an estate or guardianship shall set forth theprobable value of the personal property plus the estimated annual rents and profits to be derivedfrom the property in the estate or guardianship.5200.40 Surety. The name and address of the insurance agency providing thecorporate surety bond shall be typed or printed on all corporate bonds in any estate orguardianship.LR64-PR00- 5300INVENTORY5300.10 No inventory shall be filed by the fiduciary in all estates and guardianships asfollows: Estates (supervised and unsupervised), within sixty (60) days; Guardianships, withinninety (90) days for permanent guardians and within thirty (30) days for temporary guardians. Alltimes relate to the date of appointment of the fiduciary. In the event a partial inventory is filed, allsubsequent inventories must contain a recapitulation of prior inventories.LR64-PR00-5400REAL ESTATE5400.10 Appraisals. In all supervised estates and guardianships in which real estate isto be sold, a written professional appraisal shall be filed with the Court at the time of filing thePetition for Sale unless such appraisal was filed with the Inventory. Such written appraisal shallinclude as a minimum the following elements:51