Probate
Probate is a general term used to describe the entire process of the administration of estates of dead persons, including those without wills, with court supervision.
Probate is a general term used to describe the entire process of the administration of estates of dead persons, including those without wills, with court supervision.
What happens when one of your parents pass away and assets you knew they had are missing? What about when the will promises you something but for whatever reason, you are not getting it?
Sadly, when a person passes away they may still owe money to creditors or the IRS. The courts therefore require an estate to be administered in a way that accounts for all assets and debts before anything can be distributed from the estate.
There are people out there who take advantage of others when they are most vulnerable. They swoop in when someone’s sick or having memory problems and convince them to make decisions that don’t make sense even if that decision involves changing a will.
What happens when a family member can no longer take care of themselves? Whatever the reason that caused them to lose this ability, they need another person to make important medical and financial decisions for them.
In Ohio, whether or not a spouse is named in a will, they have rights. These rights were made to ensure that a surviving spouse is treated fairly.
Generally, a trust is set up by a person to control their assets. It takes control away from them and gives it to a trustee. The trustee is then given specific instructions to follow in distributing the contents of the trust.