Legal Question in Wills and Trusts in Indiana

I am the personal representative of my fathers estate, in regards only to some financial compensation that we are beginning to receive for damage settlements for my fathers death from mesothelioma, do I need to reopen his closed estate in order to distribute these funds to my Mother,sister and myself? Or should I open another kind of trust or account for this. Will there be any tax penalties if we just cash and distribute?

Asked on 3/27/10, 1:05 pm

2 Answers from Attorneys

Mary J. Hoeller, R.N., J.D. Attorney At Law
0 users found helpful
0 attorneys agreed

You need to hire and consult with an Elder/Probate attorney for those significant concerns. Mary Hoeller, R.N., J.D. 317-633-4002

Read more
4/01/10, 1:48 pm
Jay Rigdon Rockhill Pinnick LLP
0 users found helpful
0 attorneys agreed

See the lawyer who opened the estate originally.

Read more
4/02/10, 8:10 pm

Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Indiana

Looking for something else?

Get Free Legal Advice

8788 active attorneys ready to answer your legal questions today.

Probate, Trusts, Wills & Estates Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony RoachLaw Office of Anthony A. RoachChatsworth, CA
Timothy McCormickLibris Solutions - Dispute Resolution ServicesSan Francisco, CA
Barry SteinDe Cardenas, Freixas, Stein & ZacharyMiami, FL
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now