Sec. 3. Subject to the provisions of IC 29-1-7-15.1 concerning the sale of real property, any real or personal property belonging to an estate may be sold, mortgaged, leased or exchanged under court order when necessary for any of the following purposes:
(a) For the payment of claims allowed against the estate.
(b) For the payment of any allowances made under IC 29-1-4-1.
(c) For the payment of any legacy given by the will of the decedent.
(d) For the payment of expenses of administration.
(e) For the payment of any gift, estate, inheritance or transfer taxes assessed upon the transfer of the estate or due from the decedent or the decedent's estate.
(f) For making distribution of the estate or any part thereof.
(g) For any other purpose in the best interests of the estate.
Formerly: Acts 1953, c.112, s.1503; Acts 1973, P.L.287, SEC.8. As amended by Acts 1979, P.L.268, SEC.6; P.L.184-2021, SEC.5.
Structure Indiana Code
Chapter 15. Sales, Mortgages, Leases, Exchanges─personal and Real Property
29-1-15-1. Priorities; Wills; Orders of Court
29-1-15-2. Powers Under Will; Optional Procedure
29-1-15-3. Payment of Claims, Expenses, and Taxes; Distribution of Estate
29-1-15-4. Order Not Granted; Bond Given by Interested Person
29-1-15-6. Purchasers, Mortgagees, Pledgees, or Lienors; Allowance of Claims
29-1-15-7. Collateral Attack; Irregularity in Proceedings
29-1-15-8. Petition; Stock; Bonds; Securities
29-1-15-9. Perishable Properties; Family Allowance; Title to Property; Approval
29-1-15-10. Unit Sales, Mortgages, or Leases
29-1-15-11. Petition; Sale, Mortgage, or Lease of Real Property; Order of Court
29-1-15-12. Conflicting Titles; Process and Notice
29-1-15-14. Fair Market Value; Appraisal; Reappraisal
29-1-15-15. Real Property Sales; Notice
29-1-15-17. Execution of Conveyance or Lease; Certified Copy of Order; Power Given Under Will
29-1-15-18. Forms for Conveyances
29-1-15-19. Irregularity or Defect in Proceedings; Guardians; Good Faith Purchasers
29-1-15-20. Lien of State for Inheritance or Estate Taxes