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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...
You and your family member knew each other for years. Perhaps, this family member was a parent, or maybe the family member was just a close friend. Either way, this person trusted you to be their executor after they died, and that unfortunate even has occurred. Now...
Many residents of Dayton work their entire lives to build a business that can be passed to their heirs. However, many unexpected events, such as a premature heart attack or disabling illness such as a stroke, can ruin these plans. Among the many estate planning tools...
In probate law, the role of the executor is of paramount importance. They hold a lot of responsibility for ensuring a will is probated properly and in a timely manner. But there are times when a beneficiary may believe the executor is not properly doing their job. In...
People draft wills in Ohio so they can direct who will receive their property when they pass away. Without a will, the deceased’s property will be passed to various family members in accordance with Ohio’s law of intestate succession. This could lead to results that...
There’s a lot that goes into administering an estate. Inventorying assets, identifying and reaching out to heirs and beneficiaries, and paying off the estate’s debts can all be overwhelming. The best way to make the process manageable is to break it down into pieces....
Most people think that estate plans are only needed for the elderly, but really, anyone 18 or older should have one. This is because, once you are no longer a child, your parents do not automatically have the power to do much of anything. As such, if a college student...
A court handles distribution of the assets in an estate in cases in which the deceased created a legally valid will. Individuals who die without a will require courts and other individuals to infer their wishes. One of the most important issues to address involves the...
Ohio courts will oversee the distribution of a Dayton resident’s property if they should die without a will. The court-appointed administrator of the estate will play an important role in this process. They will have to gather the deceased person’s property, appraise...
The probate process can be much more detailed and tedious than you ever expected. Much of this is attributable to the accounting process. After all, the estate administrator is required to inventory the estate so that all assets and debts are identified and properly...
