When your loved one dies, his or her estate will go through the probate process. If there's a will on file, after probate, the executor of the estate will distribute the assets according to the distribution plan laid out in the will. If there's no will on file, the assets will be divided according to Ohio intestacy laws.
The death of a loved one is never easy. When the family member leaves behind an estate with unfinished business, the sorrow of death is only compounded. While the reasons family members fight in probate court are complex and varied, these are the top five, according to Wealth Management:
In a perfect world, administering an estate should be a seamless process that runs efficiently from start to finish. Unfortunately, many people who are appointed as the executor of an estate have no experience with the process. Mistakes can arise during the probate process - some with little consequence, others that lead to profound probate disputes.
The loss of a parent or other close relative is always painful. Unfortunately, for many people, inheritance disputes can compound the feelings of stress and anxiety during a time of grief. When it comes time to review the contents of a will, some individuals are surprised to find that the will has been recently altered, or a codicil has been executed that creates confusion over the meaning of the original estate plan.
The time immediately following the loss of a loved one can be very difficult. Oftentimes the last thing anyone wants to do after such a loss is to care for legal concerns while also attempting to grieve and process. Because of this, some may want to relocate some of their assets into certain types of assets in order to reduce the amount of time their loved ones will have to spend in probate court following their death.
Medicine is complicated art and science. So many things can go wrong with the individual systems that make up our human coil that areas of specialty have developed. Even general practitioners are specialists in their own way. They're usually focused on preventing health issues. Once someone in Ohio gets sick or hurt, though, they tend to need to go up the ladder for targeted care.
When it comes to contesting wills, The Zigray Law Office, LLC, has been assisting Ohio residents for nearly 20 years. As probate attorneys, we work hard to find answers for those who believe that the will of a family member is not valid and does not express their loved one's true wishes.
Many commentators have focused on the divorce rate in the United States in debating parent-child relationships and similar issues in the public forum. However, divorce is not always the end of the story. Many individuals remarry after a divorce. Similarly, widows and widowers often find new partners, creating a significant number of blended families in Ohio and throughout the country.
The title of executor sounds impressive. It's more than an honorary moniker, however. If you've been asked to be the executor of a loved one's Ohio estate, or find yourself surprised at having been named as such, you might want to think twice about saying yes.
In an effort to save money, some executors under an Ohio testator's will opt for a do-it-yourself method to take on probate tasks. However, the process is complicated, and they could be held legally and financially responsible if they make any oversights or mistakes.