Soon after a family member or a close friend dies, you may begin the probate process. If you are an executor, then you have a duty to deal with this person's estate and assets. These tasks leave you feeling overwhelmed because of the reaction of the deceased's family...
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...
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...
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...
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...
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...
Probate, which is the court-supervised process of administering a deceased person's estate, can be lengthy and costly for your surviving family members. With careful estate planning, however, you may be able to shield many of your assets from the probate process. Use...
Creating an estate plan and ensuring everything is in order is a great way to help things progress smoothly with your assets after your death. However, there is always the potential for something to happen that slows down the probate process and creates headaches for...
If you fear that your heirs will not be able to handle the process of probate or you simply want your heirs to receive your estate more quickly, the state of Ohio offers you the option of using a TOD Designation Affidavit (TOD) affidavit. This document serves as a way...
