The Ohio Probate Process: Things You Need to Know - PowerPoint PPT Presentation

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The Ohio Probate Process: Things You Need to Know

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It is important to arm yourself with good information when you are planning your estate. If you are not fully informed you may make errors that result in unintended consequences. With this in mind, let's take a look at the Ohio probate process. – PowerPoint PPT presentation

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Title: The Ohio Probate Process: Things You Need to Know


1
The Ohio Probate Process Things You Need to Know
2
Estate Planning Information
3
It is important to arm yourself with good
information when you are planning your estate
4
If you are not fully informed you may make errors
that result in unintended consequences
5
With this in mind let's take a look at the Ohio
probate process
6
Estate Administration
7
Expressing your final wishes in a last will is
the first step
8
However, you should consider the Postmortem Factor
9
How is the estate going to be administered, and
who is going to handle the business of the estate?
10
Estate Executor or Executrix
11
The individual who handles estate administration
tasks is the executor or executrix
12
An executor is a male administrator, and an
executrix is a female who serves this role
13
The executor does not act independently without
supervision
14
He or she must admit the will to the probate
court
15
The Probate Process
16
Probate exists to provide interested parties with
protections
17
Once the will has been admitted, the court must
determine its validity
18
Challenges to the will could be presented before
the court
19
Final debts must be paid during probate, and the
executor must prepare the estate assets for
distribution to the heirs
20
Engagement of Probate Attorney
21
The executor is often going to retain the
services of a licensed probate attorney
22
After all, probate is a legal process
23
In many cases the executor does not have a great
deal of probate experience
24
The probate attorney will guide the executor
through the probate process
25
Pitfalls of Probate
26
There are some negatives that go along with the
probate process
27
For one thing, it is time-consuming
28
It can take months or even years for an estate to
be probated and closed
29
There are also considerable costs that accumulate
during probate
30
Cincinnati Probate Attorneys
31
This is a brief overview of the probate process
in the state of Ohio
32
If you would like to learn more about probate and
estate planning as a whole feel free to contact
our firm to schedule a free consultation
33
We invite you to contact us to schedule an
appointment (513) 721-1513
Click to visit ZimmerLawFirm.com
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