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The process of challenging a will is time consuming, and Ohio courts are usually reluctant to overturn a will without major evidence. You cannot challenge a will because you do not like the terms. You must provide a valid reason for contesting it. Reasons for...
Probably the nightmare scenario for administrators of Ohio estates and trusts is a situation where the estate or trust gets tangled up in a lawsuit. Even if the executor or trustee is not personally being accused of wrongdoing, litigation makes estate or trust...
If you have been chosen to serve as an executor of an estate in Ohio, you will have a number of legal duties and responsibilities. Before beginning your responsibilities, you must be appointed by the court to serve as executor of the estate. If the decedent chose you...
Probate does not have a great reputation. In fact, most are under the impression that it is a process you should avoid at all costs. While it can be a lengthy and costly process for your loved ones to navigate after your passing, the reality is that it might be...
If a person passes away with a will, they most likely have named an executor in their will to manage their estate following their death. However, if the person died without a will, you and others may petition the court to serve as administrator of the estate. The...
You can make a lot of money owning rental properties in Dayton. If so, you would like to ensure these properties stay in the family after you pass away. But life often has a way of passing by quickly and maybe you never got around to appointing a property manager in...
An estate plan is partly intended to assist your beneficiaries and heirs after you die. But thorough planning involves more than that. Incapacity An estate plan should cover more than your affairs after your death. For instance, a good plan should address the...
After your death, your executor acts on your behalf and performs all your legal duties such as selling your property, resolving debts, commencing lawsuits, reviewing medical records and participating in probate and distributing your assets to your heirs and...
Executors have important duties such as collecting assets, settling debts, filing tax returns, distributing assets and closing the estate. Being selected as an executor is an honor, but you should plan for that role before accepting it. Co-executors One of the...
Older generations are expected to leave approximately $70 trillion to their families and others between 2018 and 2042. If handled incorrectly, there may be strings attached to these transfers, which can lead to stress, delay and costs for family members and other...
