Estate Administration in Toledo, Ohio

Find the right Estate Administration attorney in Toledo, OH

Estate administration is the process during which the estate of a person who has recently died is maintained and divided among his or her heirs or beneficiaries. This usually happens according to the instructions in a will, but in case there is no will, there are laws governing that situation, as well.

If the decedent (the person who died) left a will, the process of estate administration in Toledo Ohio will usually be carried out according to the instructions in the will.

The decedent usually names in the will an executor of his or her estate. The executor is the person whose job it is to take the lead role in the administration of an estate.

The executor generally has at least some work cut out for them. This obviously raises the issue of compensation. The easiest way to ensure that the executor does his or her job is simply to appoint the person who has the most to gain from the will. That way, they cannot inherit until the process is completed.

What if The Will Does Not Name an Executor?

If the will in Toledo, Ohio does not name an executor, or the decedent left no will to be found, the court has to appoint a person to serve as the administrator of the estate.

Usually, this will be the person who has the most to gain from the will, or who would gain the most under Ohio's intestacy scheme (the system that distributes the decedent's property to his or her closest living relatives, if he or she dies without a will).

When a will is silent as to who should be the executor, any person who has some direct interest in the outcome can ask to be named executor by the Toledo, Ohio court.

Whoever is appointed to serve as executor, it is their job to act as the representative of the estate. Among other jobs, they have to account for the decedent's debts and assets, and inform any beneficiaries who might be unaware of the situation.

Can a Toledo, Ohio Estate Administration Attorney Help?

If you are the administrator of an estate, and are not a legal and/or financial professional, you might encounter legal or tax issues with which you are unfamiliar. A Toledo, Ohio attorney would be very helpful in such a situation.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Toledo

Toledo is the seat of Lucas County and the 4th most populous city in the State of Ohio. Toledo borders the State of Michigan and grew exponentially after the Miami and Eerie Canal were completed. As a transportation hub, Toledo is a midpoint between New York and Chicago via rail lines making it an ideal location for industry and commodity production. Toledo is widely known for its glass production including windows, doors, automobile windshields, art, and other construction materials. Johns Manville operates two premier fiberglass plants in Toledo alongside other giants like GlassTech. The automotive industry also thrives in Toledo with several Fortune 500 automotive companies that produce everything from spark plugs to performance parts.

Toledo's professional sports teams are a big attraction for locals and travelers alike. The Toledo Speedway hosts the Glass City 200 and is known as the home to the "Fastest Short Track Show" in the world which include drag races. The Inverness Club hosts a number of United States Golf Association (USGA) professional events like the U.S. Senior Open and the LPGA's Jamie Farr Owens Corning Classic. Raceway Park horse racing, Toledo Walleye hockey, and the Toledo Mud Hens who are the Detroit Tiger's minor league team are also play within city limits.

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