Franklin Ohio Schedule of Assets

Category:
State:
Ohio
County:
Franklin
Control #:
OH-MR-020
Format:
PDF
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This sample form is a Schedule of Assets 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.

The Franklin Ohio Schedule of Assets is a comprehensive document that lists and provides detailed information about the assets owned by the city of Franklin, Ohio. This schedule plays a crucial role in managing the financial resources of the city and serves as a reference for various stakeholders such as government officials, auditors, and residents. The Franklin Ohio Schedule of Assets encompasses a wide range of assets that the city possesses, including but not limited to: 1. Public Infrastructure: This includes roads, bridges, sidewalks, streetlights, and other public utilities that serve the community of Franklin, Ohio. 2. Municipal Buildings: The schedule outlines various buildings owned by the city, such as administrative offices, police stations, fire departments, and community centers. It provides information on their size, location, and current condition. 3. Parks and Recreational Facilities: Franklin, Ohio boasts numerous parks, playgrounds, sports fields, and recreational facilities. The schedule documents their existence, amenities offered, maintenance history, and any improvements made. 4. Equipment and Vehicles: The city utilizes a variety of specialized equipment and vehicles to support various operations, such as road maintenance, snow removal, waste management, and public safety. The schedule lists these assets, including their make, model, age, and maintenance records. 5. Water and Sewer Infrastructure: Franklin, Ohio's water and sewer systems are crucial for the community's well-being. The schedule provides an overview of water treatment plants, storage tanks, distribution networks, and wastewater treatment facilities, highlighting critical information for future planning and maintenance. 6. Land and Real Estate Holdings: The city may own undeveloped land, vacant buildings, or properties acquired for future development or public use. The schedule details these holdings, specifying location, size, and any current or potential development plans. 7. Miscellaneous Assets: This category may include assets such as computer systems, furniture, fixtures, and other equipment utilized throughout the city's various departments. It's worth noting that different types of schedule of assets may exist, based on specific requirements or departments within Franklin, Ohio's governance. For instance, there might be a separate schedule specifically for the Public Works Department, Housing Department, or Parks and Recreation Division. These schedules could provide more granular information tailored to the unique needs of each department. In conclusion, the Franklin Ohio Schedule of Assets is a comprehensive inventory that meticulously outlines the various assets owned by the city. It helps ensure effective asset management, sound financial planning, and transparency within the local government.

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In Ohio, assets that typically go through probate include solely-owned real estate, bank accounts without a beneficiary, and personal belongings owned solely by the deceased. This process helps ensure that these assets are distributed according to the will or state law. Including these assets in your Franklin Ohio Schedule of Assets is essential for a comprehensive estate plan. You can simplify the documentation process with resources from USLegalForms.

Certain assets do not go through probate, including life insurance proceeds, retirement accounts with named beneficiaries, and jointly owned property. These items can pass directly to the designated heirs swiftly. Understanding this distinction can save time and make estate management easier. Consider including these insights in your Franklin Ohio Schedule of Assets for clarity.

Filling out an estate inventory involves listing all assets owned by the deceased as of the date of death. Begin by identifying real estate, bank accounts, investments, and personal property, then assign a value to each asset. The Franklin Ohio Schedule of Assets can assist you in organizing this information effectively. Utilize tools like USLegalForms to ensure you capture every necessary detail.

In Ohio, an estate must be worth at least $35,000 for the probate process to be necessary. This threshold does not include the value of the property that passes outside of probate. Knowing this amount helps you determine whether you need to create a Franklin Ohio Schedule of Assets for your estate planning. If your estate value is below this limit, you may be eligible for a simpler process.

In Franklin County, Ohio, wills are filed with the Probate Court located at the county courthouse. After a person passes away, the executor must present the will to the court to initiate probate proceedings. Keeping your Franklin Ohio Schedule of Assets organized enables the executor to provide necessary documents efficiently. For those needing assistance, US Legal Forms offers resources that guide you through the filing process and help manage your estate effectively.

In Ohio, certain assets are exempt from probate, which can simplify the estate settlement process. Properties held in joint ownership, life insurance policies, and assets placed in a trust typically bypass probate. Understanding your Franklin Ohio Schedule of Assets is essential, as it can reveal which items might qualify for exemption. This approach not only speeds up distribution but also reduces the overall costs associated with estate settlement.

In Ohio, certain assets must go through probate, including real estate, bank accounts, investments, and personal property owned solely by the deceased. However, assets that are jointly owned or have named beneficiaries generally do not require probate. Understanding which assets fall under the Franklin Ohio Schedule of Assets can simplify the probate process. Consulting with resources like USLegalForms can guide you through these requirements.

The schedule of assets is a detailed list that outlines all assets owned by an individual or entity. This is an essential component during estate planning and probate proceedings, especially in Franklin, Ohio. By accurately documenting these assets, you can ensure a smoother process for distribution and minimize estate taxes. Utilizing services like USLegalForms can help you create your Franklin Ohio Schedule of Assets effectively.

Not all estates in Ohio must go through probate. For example, if an estate's assets are held in a living trust, they can bypass the probate process. Additionally, certain small estates, typically those valued under $35,000, may also avoid probate. Consulting the Franklin Ohio Schedule of Assets can help you understand your specific situation, and uslegalforms offers resources to navigate these legal requirements effectively.

In Ohio, if an estate is valued at more than $35,000, it typically must go through probate. This process involves proving the validity of the will and administering the estate according to state law. When dealing with the Franklin Ohio Schedule of Assets, it is important to accurately assess the total value of the estate to determine if probate is necessary. Utilizing uslegalforms can simplify this process by providing you with the necessary documents and guidance.

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Franklin County Public Health. If you're looking to move to the Buckeye State despite the slightly high property taxes, check out our guide to mortgages in Ohio.Search the most complete 45005, real estate listings for sale. Note: Franklin County does not offer any kind of financing programs. An original signature and complete address of the filing party. Apply to Property Manager, Community Manager, Assistant Property Manager and more! Welcome to the Franklin County Assessors Office Web Site. Ohio Revised Code section 319. 202 and 319.54(G)(3). The Dayton Daily News, Springfield NewsSun and JournalNews invited local candidates to fill out the following questionnaire to inform readers.

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Franklin Ohio Schedule of Assets