LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6324 NOTE PREPARED: Jan 7, 2022
BILL NUMBER: SB 66 BILL AMENDED: Jan 6, 2022
SUBJECT: Solvent Supervised Estates.
FIRST AUTHOR: Sen. Young M BILL STATUS: CR Adopted - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: Local
DEDICATED
FEDERAL
Summary of Legislation: (Amended) This bill sets forth procedures for the distribution of assets in a
solvent supervised estate after a final distribution has been entered in certain circumstances. It allows a
distributee to distribute assets described in the decree of final distribution by filing an affidavit with the
court. It provides that undistributed real property may be distributed after the estate is closed by recording
certain information with the county recorder of the county in which the real property is situated. It also
allows a personal representative to complete distribution and delivery of all undistributed estate assets to
continue for a period of 90 days after a court enters an order of discharge under certain circumstances.
Effective Date: July 1, 2022.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures: (Revised) County Recorders: The bill could potentially increase the
workload of county recorders. The actual impact will depend on the number of affidavits recorded.
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected: County recorders.
SB 66 1 Information Sources:
Fiscal Analyst: Corrin Harvey, 317-234-9438.
SB 66 2