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Estate
Administration
When an individual dies, certain assets
of the decedent (that is, non-probate assets) may be
transferred by contract, such as joint and survivorship
property, payable on death accounts, transfer on death
property, and most life insurance and retirement benefits.
Other assets (that is, probate assets)
may be transferred through proceedings in Probate Court.
Most persons die owning both probate and non-probate assets,
all of which generally require some type of documentation to
complete the transfer. There are advantages and
disadvantages of using non-probate or probate proceedings.
It is prudent to consult with Attorney Kenneth Sheppard to
determine the best manner in which to proceed in handling a
decedent’s estate.
It is the Probate Court's
responsibility to ensure that probate assets are collected,
maintained, and distributed among the decedent's heirs,
beneficiaries, and/or creditors according to the direction
of the decedent as expressed through a will or by Ohio’s
laws of intestacy. This process is known as the
administration of a decedent's estate.
Most estates should be finalized within
6 months of the date of the appointment of the personal
representative. However, where family, creditor, tax, or
other issues or disputes exist, the estate administration
may take longer to conclude.
Probate Attorney, Kenneth L. Sheppard,
Jr., and his staff are experienced with the nuances and
facets encompassing Probate Law, and we encourage you
strongly to consider us as an option, for assisting you with
all of your probate, estate administration and guardianship
needs.
For assistance, please call us here at
Sheppard Law Offices for a FREE one-half (1/2) hour
consultation today.
1-877-505-9455
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