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In 2007, the Ohio estate tax was again proposed for amendment or repeal. A repealing the estate tax of Ohio was enacted by its general assembly during its 2011-2012 session, to take effect on "individuals dying on or after January 1, 2013." [2] For dates of death on or after January 1, 2002: [1]
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
As an executor, you can be held liable if you make distributions too soon before taxes or creditors are paid. Adhere strictly to the timeline that the law enforces. Your lawyer can help you with this.
Fatal car accidents in Springfield, Ohio, increased four-fold last year, The Post has learned -- as residents say a surge of Haitian migrants unfamiliar with US driving has turned their streets ...
The department also determines if services and benefits offered by companies are consistent with insurance policy provisions and Ohio law, reviews and approves more than 6,200 company filings per year for life, accident, health, managed care, and property and casualty policy forms and rates. The Director of Insurance, who is appointed by the ...
A decedent's debt typically gets paid via their estate — that is, any money or property they left behind. If you die with debt, your estate may first be purged to pay it off.
In Mutual Life v.Armstrong (1886), the first American case to consider the issue of whether a slayer could profit from their crime, the US Supreme Court set forth the No Profit theory (the term "No Profit" was coined by legal scholar Adam D. Hansen in an effort to distinguish early common law cases that applied a similar outcome when dealing with slayers), [1] a public policy justification of ...
The truck driver, 46-year-old Cody D. Weathers, said in Franklin County Common Pleas Court on Thursday he wishes he could go back and change his route that day.