Sec. 6. When a distributee of an estate is indebted to the estate, the amount of the indebtedness if due, or the present worth of the indebtedness, if not due, may be treated as an offset by the personal representative against any testate or intestate property, real or personal, of the estate to which such distributee is entitled; but such distributee shall be entitled to the benefit of any defense which would be available to him in a direct proceeding for the recovery of such debt.
Formerly: Acts 1953, c.112, s.1706.
Structure Indiana Code
Chapter 17. Distribution and Discharge
29-1-17-2. Final Accounts; Decree of Final Distribution
29-1-17-3. Abatement of Distributee Shares
29-1-17-4. Abatement of Distributee Shares; Contribution by Legatees and Devisees
29-1-17-6. Indebtedness of Distributee; Offset
29-1-17-7. Income Received During Administration
29-1-17-8. General Legacies; Interest
29-1-17-9. Specific Devise; Liens
29-1-17-11. Undivided Interests; Distribution, Partition
29-1-17-12. Unclaimed Estate Assets; Disposition Procedures; Escheat; Time Limit; Exceptions
29-1-17-13. Supplemental Reports; Discharge; Limitation of Actions
29-1-17-13.5. Distribution of Assets From Certain Solvent Supervised Estates
29-1-17-15.1. Petition to Determine Heirs of Estate; Contents; Notice; Hearing; Decree