As the executor of an estate, you are responsible for managing the affairs of a testator, i.e., someone who made a will, following his or her death. Most people know that this involves distributing the testator's assets to heirs according to directions provided in...
When you serve as the executor of the estate, one of your tasks is to pay the debts of the deceased. You may not always know the fine details of your loved one's finances, but there are several steps that you can take to handle these debts. You typically have to put...
A will contest involves someone taking your will to court in order to have it invalidated. This would render all of your hard work on your estate plan null, and create additional headaches and strife for your beneficiaries and family members. Needless to say, this is...
As someone tackling estate planning, the only asset you have is real estate. How do you shift ownership of your property to beneficiaries without undue financial hardship? SFGate explains how to sidestep probate when you only have real estate in Ohio. Help your heirs...
If a loved one died and you are wondering what happens next, you should understand how the probate process works. Depending on the size of the estate, there may not even be a probate requirement. For larger estates, although the judge oversees probate, the person who...
Asking someone to be the administer of your estate is a big request. This is not simply a title. It requires a lot of work when the time comes. Because the administrator holds such a special position, you need to know the person you choose can handle the job. AARP...
Having an estate plan is a great start to protecting your assets and the well-being of those you care about. However, choosing someone to be your executor is equally as important if you want to guarantee that your plan unfolds the way you envision. Thinking carefully...
Probate can be expensive and time-consuming for your descendants. With careful planning, however, you can potentially avoid probate, allowing your executor to independently administer your estate. Review common strategies for probate avoidance in Ohio. Establish a...
One of the main reasons people go through the estate planning process is to help their heirs avoid probate. There are many reasons to avoid probate, since probate is expensive and very time-consuming. Some Americans consider putting their child on the deed to their...
People in Ohio may hesitate to create an estate plan. While it can be a difficult topic, estate planning is important for ensuring that a person's wishes are carried out and beneficiaries are taken care of. Ideally, the estate plan can be discussed with the entire...
