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...
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How can estate planning prevent family quarrels?
When Ohio residents begin to think about estate planning, they can have many different goals in mind. For some people, preventing quarrels among family members when assets are set to be transferred is a major goal. So, how can estate planning prevent family quarrels?...
Handling estate administration in Ohio
If you hear the term, "intestate," it means that a person has passed away without a valid will. If the person had a will, it would have stated exactly how the person wished their property to be distributed to their heirs. If the person didn't have a valid will when...
What are trustees’ responsibilities for trust administration?
Many people in Ohio are asked to be trustees of their family members’ trusts. Most people says yes even though they may not completely understand their responsibilities as trustees. They also may not become the trustee of the trust until many years later. By that...
Can a decedent’s business continue operation during probate?
In Ohio, there are many issues that must be addressed during probate and estate administration. In general, this is related to the person—the decedent’s—property, how it will be distributed and all their affairs settled. For business owners, there may be concern as to...
Is a pour-over will right for you?
Even if multi-tasking is your superpower, it is still difficult to manage everything in your life. This is true when it comes to assessing your property and assets and allocating them to heirs and beneficiaries. Even when you have a solid will in place, this does not...
Can I challenge a will after it has been probated?
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...
What should I do if an estate gets controversial?
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...
Understanding probate and when it can’t be avoided
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...
Your executor can manage your rental property after you die
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...