Kroener Hale Law Firm

We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

During these hard and uncertain times, the staff at Kroener Hale Law Firm are still here to serve you. Please contact us at any time to schedule a free 30 minute telephone/skype consultation to discuss your legal needs. We will continue to diligently protect the rights and interests of our clients through these tough times.

Providing The Advice & Guidance You & Your
Family Need To Make Informed Decisions

Providing The Advice & Guidance You & Your Family Need To Make Informed Decisions

Probate can be a very helpful process for many estates. It allows an executor and family to ensure they follow the law when handling the estate property. However, if someone dies who owns very little, is probate necessary? You may wonder about this if you have had a recent death in your family.

The Ohio Bar Association explains that not every estate will need to go through probate and the associated administrative process. There are a couple of aspects of an estate that can allow it to bypass the process.

The value of the estate

When an estate has a low value, the court will often minimize probate. If an estate has a value of $100,000 or less and all the assets will go to a spouse, then it does not have to go through probate at all.

The estate contains certain assets

There are some assets that do not require probate because they automatically transfer ownership after a person dies. If the estate contains property that you jointly own with the deceased person, trusts, payable upon death accounts or accounts with a beneficiary, then none of these require probate.

The importance of probate

While many people think it is best to avoid probate, the process serves an important purpose. It helps to make sure that everything is fair and just under the law with the distribution of assets. It offers some protection to heirs that the executor will properly manage the estate. Furthermore, it allows for the payment of the debts of the estate so that heirs do not have to worry about them.