Delaware County, Indiana

The following instructions are for handling Consent to Transfer requests for bank accounts:

 

Consent to transfer is not needed when a surviving spouse is the only surviving person named on any account. It is helpful if the bank notifies the Vanderburgh County Assessor's office of the existence of the account.

 

All checking accounts require an IH-19 (Notice of transfer from a holding institution to an heir) by state law. This is generally mailed by the bank to the County Assessor's office and shows to whom the account was transferred.

 

Consent to transfer is required to release funds to the court-appointed "personal representative."

 

Before a single name account can be transferred to a surviving spouse or any one else, you must have a consent to transfer and a45-day affidavit if there is no court appointed personal represenatative.

Generally, all assets held in the name of a trust require a consent to transfer.

 

An exemption is made for a trust in which the surviving spouse is the sole beneficiary. In this case, you can use an Affidavit of Transferee of Trust Property That No Indiana Inheritance Tax is Due on the Transfer. The form must be filed with the County Assessor and the Indiana Department of Revenue.