The purpose of Medicaid is to help low-income seniors pay for long-term care and medical care. For this reason, you may only qualify if you meet the stringent financial eligibility requirements. Because the income and asset limits are so low in most states, most...
Month: August 2022
The Estate Planning Process
What is an Executor? An Executor is the legal representative you nominate in your Will to represent your probate estate upon your death. After filing the Will in the Probate Court, the Court officially appoints the Executor. The Executor then gathers the assets that...
The Probate Process
How does the probate process begin? When an individual dies, the probate process may be started by any interested person (including creditors), although it is typically the person designated as Executor in the Will, a spouse or close relative of the decedent. What is...
Are executors liable when they mismanage an estate?
When someone you know names you the executor over his or her Ohio estate, you should expect to have to take on a number of important responsibilities on that individual’s behalf. Serving as an executor requires you to take certain steps, and failing to uphold your...