Ind. Porter Cnty. Local Rule LR64-PR00-5200

5200.10 Amount and Exceptions. In every estate and guardianship, the fiduciary,

prior to the issuance of letters, shall file a corporate surety bond not less than the value of the

personal property to be administered, plus the probable value of annual rents and profits of all

property of the estate in such amount as shall be set by the Court, except as hereinafter provided:

(1) Where, under the terms of the Will, the testator expresses an intention that the

bond be waived, the Court shall set a bond adequate to protect creditors and

taxing authorities.

(2) Where the fiduciary is an heir or legatee of the estate, the bond may be reduced

by said fiduciary's share of the estate.

(3) Where the heirs or legatees have filed a written request that the fiduciary serve

without bond, the bond may be set in the amount adequate to protect the rights of

the creditors and taxing authorities only.

(4) In an unsupervised estate, bond may be set at the discretion of the Court.

(5) No bond shall be required in any supervised estate or guardianship in which a

corporate banking fiduciary qualified by law to serve as such is either the fiduciary

or one of several co-fiduciaries.

5200.20 Restriction in Lieu of Bond. In lieu of a bond as required by Section

5200.10 of this Rule, a fiduciary may restrict transfer of all or part of the liquid assets of the

estate or guardianship by placing those assets in a federally-insured financial institution with the

following restriction placed on the face of the account or document: NO PRINCIPAL OR

INTEREST SHALL BE WITHDRAWN WITHOUT WRITTEN ORDER OF THE CIRCUIT

OR SUPERIOR COURT OF PORTER COUNTY, INDIANA. The attorney for the estate or the

fiduciary shall file with the Court written acknowledgment by the federally insured financial

institution of the account's restriction.

5200.30 Value. All petitions to open an estate or guardianship shall set forth the

probable value of the personal property plus the estimated annual rents and profits to be derived

from the property in the estate or guardianship.

5200.40 Surety. The name and address of the insurance agency providing the

corporate surety bond shall be typed or printed on all corporate bonds in any estate or

guardianship.