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...
probate & estate administration
Facts about probate
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...
What should I consider when asking someone to be my estate administrator?
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...
Why should your executor be empathetic?
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...
Strategies to avoid Ohio probate
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...
Should I put my adult child on my deed?
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...
The importance of creating an estate plan
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...
Why and how to identify interested parties in will litigation
When people in Ohio are considering challenging a will, they need to identify who the interested parties are. This includes all the individuals who are named in the will. It is not uncommon for people to underestimate just how many interested parties there may be...
Why young people should consider an estate plan
Young adults in Ohio may want to consider creating an estate plan. They might assume they are too young to do so, but in case a tragedy does occur, it can save their loved ones additional problems. Estate planning is not just about who gets certain assets. It is also...
What to do when an estate administrator goes rogue
Estate administrators in Ohio and elsewhere have a fiduciary responsibility to the beneficiaries of the estates that they oversee. If an administrator fails to act in a beneficiary's best interest, it may be possible to have that person removed from his or her...