Franklin Ohio Inventory and Appraisal

State:
Ohio
County:
Franklin
Control #:
OH-MR-018
Format:
PDF
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Description

This sample form is an Inventory and Appraisal document for use in the administration of a decendent's estate in Ohio. Adapt to fit your circumstances. Available in Word, Wordperfect, Rich Text and ASCII formats.

Franklin Ohio Inventory and Appraisal is a professional service that provides comprehensive and accurate assessments of various items and assets in the Franklin, Ohio area. Whether it's for insurance purposes, estate planning, or business valuations, their team of expert appraisers is dedicated to delivering detailed reports and appraisals that meet the highest industry standards. Their inventory and appraisal services encompass a wide range of categories, including but not limited to: 1. Estate Appraisal: Franklin Ohio Inventory and Appraisal specializes in evaluating personal property for estate settlements, providing fair market value assessments for assets such as antiques, art, collectibles, furniture, jewelry, and more. Their appraisals help individuals and families accurately value their belongings for estate planning, taxation, or equitable distribution purposes. 2. Insurance Appraisal: In collaboration with insurance providers, Franklin Ohio Inventory and Appraisal conducts thorough assessments of personal property to determine its replacement value in case of loss or damage. By accurately evaluating the worth of items, their appraisals ensure that clients have appropriate coverage and can properly file insurance claims to receive fair compensation. 3. Business and Commercial Appraisal: Franklin Ohio Inventory and Appraisal assists businesses in assessing the value of their assets, including equipment, inventory, machinery, and other tangible property. These appraisals are often required for mergers, acquisitions, financial reporting, tax purposes, or to determine the worth of assets during bankruptcy proceedings. 4. Real Estate Appraisal: The team at Franklin Ohio Inventory and Appraisal includes certified real estate appraisers who offer expert property valuations for residential, commercial, and industrial buildings. These comprehensive appraisals consider factors such as location, condition, amenities, recent sales data, and market trends to determine an accurate market value for the property. 5. Specialty Appraisal: Franklin Ohio Inventory and Appraisal offers specialized appraisal services for unique and high-end items, including fine art, rare collectibles, vintage automobiles, firearms, and more. Their team has extensive knowledge and expertise in evaluating these specialty assets, providing clients with accurate valuations for insurance, estate planning, or potential sale purposes. With their commitment to professionalism, accuracy, and integrity, Franklin Ohio Inventory and Appraisal serves as a trusted resource for individuals, businesses, attorneys, insurance companies, and financial institutions seeking reliable inventory and appraisal services in Franklin, Ohio. Their team of appraisers combines extensive experience with a deep understanding of local markets, ensuring that clients receive precise and comprehensive reports for their diverse appraisal needs.

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FAQ

(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.

Probate assets include: Property that is solely in the decedent's name. Bank accounts that are solely in the deceased's name. Stocks and bonds. Vehicles such as automobiles and boats. Business Interests.

Claims must be filed within 3 months of the decedent's death. 2117.06(B): If any creditors (people to whom the decedent owed money) want to make a claim against the estate, this code explains that they must present them within six months after the decedent's death.

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.

Pretty much any asset owned by a person at the time of their death should be included in the estate inventory. Here are common types of items that are included in an estate inventory: Personal items: clothing, jewelry, antiques, collectibles, and other household items of sentimental or monetary value.

No probate at all is necessary if the estate is worth less than $5,000 or the amount of the funeral expenses, whichever is less. In that case, anyone (except the surviving spouse) who has paid or is obligated to pay those expenses may ask the court for a summary release from administration.

Is Ohio Probate a Requirement? In most cases, probate is required in Ohio. While there are a few exceptions, most estates will go through the probate process. It can be a simple process or a more complicated situation, which can take more time and require the assistance of an attorney.

The inventory should include the decedent's interest in all real estate located in Ohio. Ohio Revised Code §2115.02. It should also include tangible and intangible personal property of the decedent that is to be administered and of which the Executor is aware.

To probate a will in Ohio, take the following steps: Step 1: Find and File the Decedent's Will.Step 2: Order Decedent's Death Certificate.Step 3: Petition for Probate.Step 4: The Probate Is Opened and Letters of Authority Are Issued.Step 5: Administration, Creditors, and Inventory of the Estate.

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Real Estate Appraisal -- Franklin County Form 3.0AP. • Standard Probate Form 6.Address 373 S. High Street 22nd Floor Columbus, Ohio 432156311 ; Phone (614) 5253894 ; Court Hours Mon Fri 8am 5pm. Welcome to the Franklin County Assessors Office Web Site. We plan, inventory, organize, advertise and run your sale. Looking to buy or sell a home? We've got you covered! Looking for estate sales near you? Browse the marketplace for more details about upcoming local estate sales and auctions in your area. Wheat acres in the U.S. have been declining since the 1990s.

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Franklin Ohio Inventory and Appraisal