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Acting as the executor or personal representative to someone’s estate in Ohio is not an easy task that is quickly discharged. The probate of an estate may take many months before all the loose ends are wrapped up and the estate can be successfully concluded. A person can be appointed in a will to be the decedent’s executor or, where…
When it comes to planning your estate, most people want to ensure that their kids and grandkids are provided for after they pass. Leaving assets to your family can help them maintain financial security, and if you are passing along heirlooms, it can preserve memories in the family, too. Sometimes, however, you might wonder how much—if anything—you are obligated to…
Ohio and other states are hosts to business acquisition transactions on a regular basis. Publicly-traded and privately-owned companies are involved in purchasing other enterprises as well as merging with them. When publicly traded securities are involved, the government will scrutinize the transaction for irregularities and anti-trust aspects. Business law attorneys are an integral mainstay of these transactions, contributing their experience…
Individuals use a will to distribute their estate after their passing. However, when other parties corrupt those wishes, a will contest may be necessary. If parties utilize a will contest properly, it is an effective means of righting a grievous wrong. There are a few key facts that people should know about the process in Ohio. Eligibility There are a…
After the testator of a will in Ohio dies and leaves assets in the form of bank accounts, getting to those accounts may be necessary early to pay for the funeral and related expenses, such as a funeral dinner. However, it will be necessary for the next of kin to show certain preliminary identification documents. Prior to setting up probate…
While a parent will typically want to see his or her assets go to a child, seeing those assets go instead to the child’s ex-spouse in a bitter divorce is generally going to be anathema to the parent. A child’s ex-spouse can get in the way of what the decedent clearly wanted, which was to keep his or her assets…
A will is an incredibly important and often overlooked tool. This document can provide a wide array of protections and benefits, but many in Ohio still eschew the estate planning process, viewing it as something for only the rich or very wealthy. A comprehensive will is not reliant on a certain number of valuable assets, and can be used by…
An unexpected cardiac arrest, sudden illness or life-threatening accident can be the split second that changes the life you knew and a future you never planned for. When serious medical issues come up, and you and your loved ones are suddenly facing end-of-life care decisions, you may not fully understand just what these decisions entail. A physician at Massachusetts General…
In the estate planning process, most discussion about probate is about how to avoid it. Many people feel that the best way to deal with the probate process is to avoid it as much as possible. Although probate has gotten a negative reputation, it is not necessarily a negative process. It is important to be informed about the probate process…
As of 2016, it was found that a majority of Americans do not have a will, and that number seems to be on the decline, according to data from Gallup News. While 51 percent of Americans had a will in 2005, only 44 percent had a will at the time of the survey. Writing a will can be stressful, but…