Contacted heirs must step forward to claim their inheritance within a specific window of time, determined by state laws. Once that window closes, the state takes possession of the assets. Probate without a will is a more expensive process. It costs the state time and resources — and grows ...
a bond. In light of this opposition, the Commissioners on Uniform State Laws have developed freestanding acts from similar provisions integrated into the UPC. This technique permits provisions, such as those involving powers of attorney and guardianship, to become law without disturbing other parts ...
Ohio is an equitable distribution state, not a community property state. An item acquired by the decedent and their surviving spouse during the marriage will be marital property. But the exception to this rule is if the decedent inherited property or received it in their name alone as a gift....
Planning Ahead for Families in Ohio and Florida We understand that no one wants to consider the fact they'll one day no longer be with their loved ones. As a result, many individuals don't take the time to plan their wills, establish trusts, and safeguard their assets for their loved on...
What If There Is No Will? Many people die without having a will. If decedent did not have a will, or the will is invalid, then the Decedent’s estate will be governed by the intestacy laws of the state where decedent resided. If decedent had a will, then the assets will be distribu...
Any additional probate will be bound by that state's probate laws. It is at this point that attorney fees and court costs begin skyrocketing. Avoid Probate Altogether Certain states have a threshold an estate's value must cross before going into probate. For instance, a state may allow you ...
All the judges are lawyers; they interpret and enforce our laws. There is no separation of powers where the lawyers are concerned. There is only a concentration of all government power – in the lawyers. As the schoolboy put it, ours is “a government of lawyers, not of men.” It is ...