Roanoke, IN asked in Estate Planning for Indiana

Q: How long do you have to disclaim inheritance in Indiana? What if you are one of 3 trustees out of 5 beneficiaries?

If you disclaim inheritance, do you forfeit your position as an executor and as a trustee?

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1 Lawyer Answer

Alexander Florian Steciuch

Answered
  • Estate Planning Lawyer
  • Valparaiso, IN
  • Licensed in Indiana

A: Disclaiming and inheritance is not the same as renouncing your position as an executor or a trustee. You can disclaim a part or whole of an inheritance. You can refuse to serve as the executor and choose to stay on as trustee. It is not an all or nothing situation.

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