Michael V. Riley's law office hours are by appointment only. We are closed on Tuesday and Thursday. Please call 219 879 4925 to schedule an
appointment
News
Indiana Inheritance Tax and Federal Estate Tax. The Indiana Inheritance Tax was repealed effective on January 1, 2013. Simply put, the state
of Indiana cannot charge any death tax on an inheritance for a person who died after 12/31/12. Remember, however, that the Federal Estate Tax still applies for persons whose taxable estate is
greater than the current (per person) Federal equivalent exemption amount of $13,610,000.00. This exemption amount is scheduled to be increased each
year. The law which creates the Federal Estate Tax equivalent exemption will "sunset" at the end of 2025. Unless Congress creates new legislation prior to that "sunset" date, the
equivalent exemption is expected to be approximately $7,000,000 beginning in January of 2026.
Print 