Many Ohio residents have worked hard to purchase their homes, and they want to pass those assets down to their loved ones when the time comes. The manner in which a piece of real estate is handled is based on the provisions that were laid out during the estate planning process. As with any other significant decision, the best way to make a good choice is to gather as much information as possible.
The act of drafting a carefully considered will is an important first step within the estate planning process. Many in Ohio overlook, however, the importance of selecting the best possible executor. In many ways, this choice is pivotal in having one's wishes carried out when the time comes. Even the best wills can be improved upon by making a sound decision when it comes to choosing one or more executors.
Being appointed as an executor to a love one’s will may be an honorable role, or it could be completely terrifying, depending on your temperament. Outside of that, it is helpful to know what is going to be expected of you in this role. For many executors, it is a multifaceted role where you will have to deal with a number of people and be the point person in several transactions.
Sometimes, following the death of a loved one, an Ohioan will end up serving the role of personal representative for their deceased loved one's estate. One way this can come about is if they are named for this role in their deceased loved one's will. When a person is the personal representative of the estate of an individual who had a will, one question they may have is: What impacts will the will have on the probate process?