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Beneficiaries are major parties in a probate process. Nevertheless, many of them know little about probate and their role in the administration. This lack of knowledge creates uncertainty and fear of liability, among other sentiments. “How do I know if the executor is...
It may be difficult for a family who just lost their loved one to actively participate in the estate administration while still dealing with their family member's death. Having an executor to manage the probate process can lift that burden from the surviving family's...
The probate process can be taxing, especially if there are multiple assets to go through during the estate’s administration. Aside from the lengthy proceedings, probate is also costly. Fortunately, some assets skip the probate process due to their nature, which allows...
When a person dies, their family members could rely on their estate plan to determine what to do with their assets. Ideally, they could settle matters based on the deceased's wishes. However, some people could pass on without a will. In this instance, local intestacy...
Many people know that there are two types of estate planning tools, called a will and trust, but they may not know the differences between them. Will overview and benefits A will is a legal document that addresses how a person wants their assets to be distributed...
If you’ve been left with the responsibility to administer a loved one’s estate after they pass away, you might be feeling overwhelmed and uncertain of where to start the process. That’s okay. You’ve taken the important first step of seeking out information. And...
A durable power of attorney (POA) is an important part of an estate plan. It is a legal document that grants an agent the legal authority to make important decisions on behalf of another person, who is called the principal. It is important for the principal to choose...
There are many responsibilities involved with being an estate executor in Ohio. You must identify and locate the estates assets, pay off estate debts and distribute assets to heirs, among other tasks. You might experience complications throughout the probate process...
Ohio estate administration is different from other states, and it can be a complex and time-consuming process. If you have lost a loved one who lived in Montgomery County, you may wonder what steps you need to take to settle their estate and honor their wishes. In...
Estate administration and probate in Ohio can be confusing, costly and time-consuming. In some cases, there is dispute among the heirs, substantial property to account for and debts to pay. The role of the personal representative or executor is extensive as the...
