In 2012 the Indiana Legislature passed a law that will gradually phase out the inheritance tax over the next ten years, starting in 2013. Several other changes were made to the inheritance tax, as well – some retroactively – including raising the exemption amounts for some heirs, as well as broadening the definitions of certain classes of heirs. If you paid inheritance tax in Indiana on a loved one who died in 2012, you may have over-paid under the new rules, and are now eligible for a refund.
It is important that you seek the help of an attorney specializing in these matters as quickly as possible, as you have only a limited window of time in which to file for a refund. If you have any questions, or are concerned that these changes to the Indiana Inheritance Tax may apply to you, contact the law firm of Dillman & Associates today.