As digital assets become a larger part of daily life, they also complicate the probate process. Digital assets like online bank accounts and cryptocurrency can create challenges during estate settlement. Understanding how to manage these assets is important to avoid...
Many believe that probate is an excessively long and costly process. While some cases can be time-consuming and expensive, Ohio's probate system can handle most estates efficiently. Simple estates can often be settled within a few months, and the costs are typically...
Probate is the legal process of administering a deceased person's estate. It can include the validation of the will, paying debts, and distributing assets to beneficiaries. While probate can be time-consuming and costly, several strategies can help you avoid or...
Being named the executor of an estate is a big responsibility. One of the most important tasks you'll face is dealing with the deceased's creditors, which are people or businesses to whom money is owed. Understanding how to handle creditors will help you fulfill your...
When it comes to estates, fiduciary duties are a way to make sure that assets get into the right hands. These are important rules executors follow to make sure everything happens properly. However, sometimes people do not follow these rules, leading to breaches and...
Settling the estate of a person who just died is called probate. Because this is a complex legal process, and people don’t always prepare an estate plan to streamline distributions and decisions, issues can and do arise. The executor does not want the responsibility...
Probate is often an essential process to help administer estates based on state law. Aside from adequately distributing inheritances, it can also help organize and settle any debt or tax payments the deceased left before they passed. In Ohio, some laws can shorten the...
Probate in Ohio is a process the court uses to ensure that when someone dies, their estate assets go to the legally entitled parties. Usually, the person who has the decedent's last will and testament initiates it. The court will review the will first and determine if...
Probate can be short and easy or long and complex, depending on the will or lack thereof, estate planning precautions and the size of the estate. In general, most of an estate goes through probate. However, there are assets that do not go through probate and go...
Some executors worry about not locating funds and property that belong to an estate. Ideally, a decedent would have left papers detailing where their assets are. Still, sometimes an executor has to check for missing items, such as unclaimed property. The state of Ohio...
