When a loved one or close friend passes, their executor or administrator manages the decedent’s estate throughout the probate process. However, some Cleveland residents accept the responsibility and then discover that they are in over their heads.
Below is some important information about the probate process in Ohio.
What does probate involve?
It can be more challenging than expected to probate an estate. Below are just some of the many tasks required of estate administrators and executors: The executor or administrator manages the following tasks:
- Identifying and notifying all heirs
- Beginning collections on all debts and claims due to be paid to the decedent
- Managing the property of the decedent
- Timely paying out valid claims and obligations owed by the estate (including taxes)
- Meeting all the demands of the probate court regarding the distribution of assets
- Keeping the heirs and beneficiaries apprised of all pertinent matters related to the estate
This is not an exhaustive list of all the demands of executors and administrators, however. There can be other aspects to deal with, particularly if there any issues in dispute that lead to litigation.
A common problem for executors
People tend to appoint close friends and family members whom they can trust to effectively manage their estates. But this can be problematic when the person has ongoing relationships with the heirs. It’s easy to spark family feuds with the decisions estate administrators must make, e.g., changing the locks on the family home.
In an attempt to preserve friendships and family ties, many executors choose to retain the services of a legal professional. That provides a buffer between the heirs and the administrators when there are disputes.