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If you find yourself faced with the probate process, it doesn't have to be confusing or frustrating. Let us simplify the situation for you so you can take care of what's important, your family and your loved ones.
When an Ohio resident dies owning probate property in the state, a legal proceeding to determine the deceased's assets, their value, and the method of distribution to heirs is provided for by law. This proceeding is called probate, and it occurs whether the person dies with or without a will.
Probate takes place in the probate court of the county where the deceased property owner resided. If the decedent also owned property in another state, additional (ancillary) proceedings may be necessary in that state. Probate is necessary to protect the decedent's assets for the heirs, creditors, and other persons due money from the estate and to ensure the collection of money due to the estate.
Probate provides for payment of outstanding debts, taxes, and the expenses of administration and for the distribution of the remainder of the estate to the heirs.
Probating an estate requires the appointment of a person to conduct the administration of the estate. If there is a will, this person is usually named in the will and is called an executor. If there is no will, this person is appointed by the probate court and is called an Administrator. The executor or administrator may be an individual, a bank, or a trust company. These persons are generally referred to as fiduciaries, and they may be required to post a surety bond to protect the estate's assets.
CONTACT INFORMATION
Address: 3887 Starr Centre Dr. STE #2 Canfield, OH 44406
Phone: 330 575-7453
Email: matt@ohioplanninglaw.com
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