 
While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, but it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away or become disabled.
When a loved one passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed. The length of time needed to complete the probate of an estate depends on the size and complexity of the estate and the local rules and schedule of the probate court.
Every probate estate is unique, but most involve the following steps:
- Filing of a petition with the proper probate court
- Notice to heirs under the will or to statutory heirs (if no will exists)
- Petition to appoint executor (in the case of a will) or administrator for the estate
- Inventory and appraisal of estate assets by executor/administrator
- Payment of estate debt to rightful creditors
- Sale of estate assets
- Payment of estate taxes, if applicable
- Final distribution of assets to heirs
Thompson & Deveny Co., LPA, assists clients with Divorce, Estate Planning, Family Law, Personal Bankruptcy, Probate & Estate Administration, The New Bankruptcy Law, Predatory Lending and Consumer Law matters in the State of Ohio, including the counties of: Champaign, Clinton, Clark , Darke, Greene, Miami, Montgomery, Preble, Shelby and Warren; and the cities of: Urbana, Mechanicsburg, St. Paris, Wilmington, Sabina, Springfield, New Carlisle, Enon, South Charleston, South Vienna, Greeneville, Versailles, Bradford, Arcanum, New Madison, Beavercreek, Fairborn, Wright Patterson Air Force Base, Bellbrook, Xenia, Jamestown, Cedarville, Bowersville, Troy, Piqua, Covington, Dayton, Vandalia, Centerville, Riverside, Kettering, Miamisburg, West Carrollton, New Lebanon, Huber Heights, Oakwood, Englewood, Trotwood, Clayton, Germantown, Brookville, Eaton, Eldorado, West Manchester, Camden, Somerville, New Paris, Sidney, Russia, Houston, Botkins, West Chester, Lebanon, Springboro, Franklin, Carlisle and Waynesville.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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