The estate of a resident of Ohio who passes away without a will ends up going through probate. This is a long process, but it’s important to know why it’s so lengthy.
What is probate?
Probate takes place when a deceased person’s estate is scrutinized by the court. The court distributes parts of the estate to the heirs of the deceased person. Although probate often occurs when there’s no will, it can also happen when there’s no will. However, a will can make the process faster and easier as an executor will oversee it and ensure that the individual’s wishes are carried out.
Why is the probate process so slow?
There are various factors that can contribute to making the probate process slow. One of the most common is that there is no will as part of the estate. Not having a will and designated beneficiaries slows the process once it reaches the court.
At the same time, multiple beneficiaries can also lead to a slower probate process. Having beneficiaries who live far away can also complicate matters. If a beneficiary lives out of the country, it can also lead to a longer, complex probate.
Sometimes, family members get into squabbles over a deceased loved one’s estate. If someone contests the will, it can cause a lengthier probate process.
Other factors that can cause a longer probate include tax issues and delays, the decedent owing more in debt than they have assets, having assets that are complex and owning property in multiple states.
Often, having an executor named to handle the estate after the person dies can help with probate. However, if the decedent ended up choosing the wrong executor, it can complicate things and lead to a longer probate process. The executor should only be someone who is trustworthy and who has the right level of experience to handle financial matters.
Being aware of these issues can shorten the probate process.