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In Ohio, creditors have a period of six months from the date of death to make claims against the estate for any debts owed. Paying Debts and Taxes: After notifying the creditors, the executor must then pay off any valid claims from the estate's assets.

The basic requirements are as follows: Release from Administration – There is a surviving spouse who is the sole beneficiary and the estate is worth no more than $100,000, or there is no surviving spouse and the estate is worth no more than $35,000.

A small estate that does not require the filing of a federal estate tax return and has no creditor issues often can be settled within six months of the appointment of the executor or administrator. However, if a federal estate tax return is required, the administration of the estate can last more than a year.

If the executor or administrator distributes any part of the assets of the estate within three months after the death of the decedent, the executor or administrator shall be personally liable only to those claimants who present their claims within that three-month period.

Executor of Estate Requirements in Ohio: In Ohio the executor of an estate must meet five principle requirements: They must be at least 18 years of age. They must be competent. They must be bonded by a private insurance company. They must have an excellent credit rating (in order to be bonded)

How much does probate cost? While court costs for probate proceedings in the state of Ohio are usually somewhere between $200 and $250, the cost is often much higher once all costs are considered. Attorney fees vary depending on the person. Some attorneys charge a percentage of the assets and some charge hourly.

(B)(1) An administrator or executor filing an account pursuant to section 2109.301 of the Revised Code shall provide at the time of filing the account a copy of the account to each heir of an intestate estate or to each beneficiary of a testate estate.