My question involves estate proceedings in the state of: Indiana
My mother is 87, I am her only heir and executor of her estate. She receives a monthly income from Gas and Oil leases for mineral rights in Texas.
When I inherit those, how are they valued for Indiana Estate Tax purposes?
She has occasionally received offers to buy ranging from $100,000 to $200,000 and I've advised her not to sell as she gets a nice income from them around $3000/month.
Can I do a TOD for those?